Court Opinion

ID: 5434772
Source: CourtListenerOpinion
Date Created: 2022-01-08 17:51:52.293275+00
Date Added: 2024-06-11T08:31:46.714018
License: Public Domain

Cope, J. delivered the opinion of the Court
Field, C. J. and Baldwin, J. concurring.
This is an action for the foreclosure of a mortgage executed- to secure the payment of a debt, upon which nothing but the interest was due. The Court decreed a sale of the property, and directed that the proceeds be applied to the payment of the entire debt; and further decreed, that in case of the insufficiency of the proceeds, the plaintiffs recover of the defendants the balance, and have execution therefor. This latter clause of the decree must be so modified as to exclude that portion of the debt not due; for as to such portion, the Court exhausted its authority in decreeing a sale of the property. This was the full extent of its power under the statute; and we shall order a modification of the decree as stated. Thus modified, it will be permitted to stand, the plaintiffs paying the costs of the appeal.
Ordered accordingly.