Davis & Watson v. Rogers
Davis & Watson v. Rogers
Opinion of the Court
In 1867, Clark and wife instituted an action against Rogers upon tbe agreement, asking for a conveyance of tbe land by Rogers, or judgment for tbe amount of tbe
The title of the land being retained by Sogers to secure money loaned to Clark, the transaction amounted to a mortgage. Such unquestionably would have been the case had Sogers conveyed the land to Mrs. Clark, and she had reconveyed for the purpose of the security. The real transaction between the parties amounts to nothing more, and their relations to each other, growing out of it, are those of mortgagor and mortgagee.
Clark and wife undoubtedly could have conveyed absolutely their interest or estate in the land, and we know of no reason why they could not mortgage it. As between plaintiffs, the mortgagees, and Sogers, no question of notice can arise, as it might between other parties. Sogers of course had notice of the Clarks’ estate in and title to the land. The relations of the parties are such as arise in case of successive mortgages. The Clarks are the mortgagors; Sogers the senior, and plaintiffs the junior mortgagees.
Sogers acquired no equities against plaintiffs by the payment of the judgment. If plaintiffs’ mortgage was valid when made, and bound the property in the hands of the Clarks, it is plain that, by no arrangement between them and Sogers, nor by any adjudication of their respective rights, plaintiffs not being parties thereto, could it be defeated. The acquisition, in such a way, by
No question can arise upon the condition of the agreement between the Clarks and Rogers, providing, that, in case of the failure of the Clarks to pay the sums provided for, the contract, at the option of Rogers, may be forfeited and he may re-enter and take possession of the land. We need not determine whether this condition could have been enforced. The judgment against Rogers, and his payment thereof, precludes him from setting tip, in this action, the protection of that condition, if it could under other circumstances be enforced.
The court finds that the indebtedness to Rogers, secured upon the land, together with certain sums expended by him for taxes thereon, had not been paid by the Clarks; and declares that one-half thereof shall be a prior lien upon the land conveyed by the mortgage, which is one-half of the land described in the contract between Rogers and the Clarks, and directs that such sum be first paid from the proceeds of the sale of the land. Rogers has no cause to complain of this order. It is as favorable to him as the rules of equity will allow. No question is made as to the amount of the judgments in favor of either plaintiffs or Rogers.
These views dispose of the case. Other points made by appellant’s counsel need not be considered. The decree of the District Court is
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.