Madison County v. Kridler
Madison County v. Kridler
Opinion of the Court
The defendant Mary J. Kridler, and her lius.band, borrowed a sum of money from the school fund, for which they, with McCaughan & Dabney as their sureties, executed a promissory note to the plaintiff, and the said Mary and her husband executed a mortgage on certain peal estate to secure the same. This action was brought to recover on the note and foreclose the mortgage.
McCaughan & Dabney answered the petition, admitting the execution of the note and mortgage, and made their answer a cross-petition, and therein alleged they were sureties on the note; that the county auditor had released a portion of the real estate from the lien of the mortgage, which they pleaded he had no authority to do, and, therefore, the mortgage was a valid lien on all the mortgaged premises. They further alleged they did. not know the amount due, asked the court to ascertain the same, and, when done, offered to pay the same, and asked to be subrogated to all the rights of the plaintiff. *
Afterward the court found the amount due, and the same was paid by McCaughan & Dabney, and thereupon the court
The court rendered judgment in favor of McOaughan & Dábney for the amount due on the note, foreclosed the mortgage as to the portion of the premises included therein, but decreed the release by the auditor, which was ratified by the board, to.' 'be valid, and that said mortgage was not a lien on that portion of the premises described in the mortgage. From this decree McOaughan & Dabney appeal.
,11. There is no evidence tending to show the appellees had sold the land released from the lien of the mortgage, or: that such release had been approved by the board of super-.. '
Reversed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.