Court Opinion

ID: 3231570
Source: CourtListenerOpinion
Date Created: 2016-07-05 16:06:58.820613+00
Date Added: 2024-06-11T12:16:35.774301
License: Public Domain

It appears without dispute in the evidence that the mortgagor, Doegg, borrowed $200 from the claimant, Gramling, with which to take up the mortgage debt owed by Doegg to the Cedar Bluff Bank, with the express agreement that the security should be transferred to Gramling.
Doegg testified that when he took the matter up with the bank he told the president, Westbrook, that he had borrowed the money from Gramling, and would pay the note off if he would transfer the note to Gramling.
Westbrook testified that the mortgage "was paid off to Cedar Bluff Bank," and that "Mr. Doegg paid this mortgage to me in money," and, further, "I wrote the indorsement on the back of the mortgage at the direction of Mr. Doegg, after he had paid me the money."
Under this testimony we think the trial court properly found that the note and mortgage security were not satisfied and discharged, but were transferred to Gramling. It was of no consequence what Westbrook thought of the transaction, or that he described it as a paying of the mortgage. It was paid so far as the bank was concerned, but very clearly the payment and the transfer were co-ordinate parts of a single transaction, and his indorsement on the back of the instrument was wholly inconsistent with the idea of a discharge and cancellation.
It was necessary for Gramling, as claimant, to show that there was a transfer to him, and for that purpose he could properly show that he paid Doegg $200 in advance, upon the latter's agreement to have the note transferred to him.
Judgment was properly rendered for claimant, and there was no error in overruling plaintiff's objections to the evidence.
Affirmed.
ANDERSON, C. J., and McCLELLAN and THOMAS, JJ., concur. *Page 266