Court Opinion

ID: 5550709
Source: CourtListenerOpinion
Date Created: 2022-01-10 21:35:04.48894+00
Date Added: 2024-06-11T08:34:52.688305
License: Public Domain

The Assistant Vice-Chancellor.
is sufficiently established by the testimony, that the deed from Fitz Randolph to Monholland, expressed their agreement in relation to the mortgage in question.
The deed comes from the possession of the grantee, containing the assumption of the mortgage. This throws upon him the burthen of proving that the clause was interpolated, and that he did not in fact agree to pay the mortgage.
Some testimony has been taken on this point, and it establishes rather than overthrows, the effect of the deed. Fitz Randolph says that he sold the lot to Monholland for $2800; and that the latter paid him $300 of the price, and agreed to see the mortgage of $2500 paid. The deed corresponds precisely with this agreement ; and if it were true that Monholland heard the deed read before the assumption was inserted, and never heard it read after-wards, it would not do away with the fact that such an agreement was made. But there is no proof that he knew any thing about the contents of the deed before it was delivered to him duly executed, and with the clause inserted. Nor is there proof that he did not at the time of the delivery of the deed, know its con*480tents fully. The law implies such knowledge from his acceptance of the instrument and acting under it. The fact that his daughter who is his principal clerk, never read this portion of it to him, is not sufficient evidence to rebut that legal presumption.
The complainant’s mortgage was a part of the consideration which Monholland agreed with Fitz Randolph, to pay for the land. It was a part of the price ; and the latter being indebted in that amount, to the complainant, and the debt being a lien, Monholland agreed with Fitz Randolph to pay such amount to to the complainant. It was therefore a debt due from M, to Fitz Randolph, payable by the arrangement between them, to the complainant.,
It was a simple contract debt, for lands sold and conveyed by the one to the other. The effect of this arrangement in equity, as between them, was to make Fitz Randolph the surety of Monholland, in respect of the debt due to the complainant.
As between them and the complainant, it is immaterial whether he was to,regard the relationship of principal and surety between them. It sufficed for him that he held this mortgage debt against Fitz Randolph, and that the latter had obtained the obligation of Monholland to himself, to discharge that debt. This * obligation enured in equity to the benefit of the complainant. The case of Curtis v. Tyler and Allen, (9 Paige’s R. 432,) is directly in point.
The obligation is not enforced, as being made by Monholland to the complainant, for the payment of Fitz Randolph’s debt; but as a promise by M. to Fitz Randolph to pay to him $2500, by paying that sum to the complainant in discharge of his debt; which promise the complainant, as the mortgage creditor of Fitz Randolph, is equitably entitled to lay hold of and enforce, under the equity of the provision in the revised statutes relative to the foreclosure of mortgages in chancery. (2 R. S. 191, § 154.)
The counsel for the defendant, in an able and ingenious argument, contended that the promise of Monholland was to answer for the debt of another, and the deed not. being signed by him, the promise was void by the statute of frauds. In my view of the case, the point is inapplicable.
The complainant is entitled to a decree for the foreclosure and *481sale of the lot mortgaged, and that Monholland pay the deficiency of his debt and costs.