Beverly v. Barnitz
Beverly v. Barnitz
Opinion of the Court
The opinion of the court was delivered by
On November 1, 1885, one George A. Kirkland executed and delivered to Martha Barnitz his promissory note for $1,500, and to secure the payment of the note he executed and delivered at the same time his mortgage deed upon the following-described real estate, to wit: The northeast quarter of section 12, township 10 south, of range 12, in
‘ ‘ It is expressly declared and agreed that this note and the coupons hereto attached are made and executed under and are to be construed by the laws of the state of Kansas in every particular.”
It was stipulated in the mortgage as follows :
‘ ‘ But whether the legal holder or holders of this mortgage elect to pay such taxes, assessments or insurance premiums, or not, it is distinctly understood that the legal holder or holders hereof may immediately cause this mortgage to be foreclosed, and shall be entitled to immediate possession of the premises and the rents, issues and profits thereof ; and the said party of the first part, for said consideration, does hereby expressly waive an appraisement of said real estate.”
On July 7, 1893, judgment was rendered in this action for the sum of $2,077.94, and for the foreclosure of the mortgage. Appraisement was waived in the mortgage, and the judgment provided for six months’ stay. On January 9, 1894, an order of sale was issued, and on February 12, 1894, the property
The judgment will be affirmed under the authority of Watkins v. Glenn, ante, p. 417. In that case it was ruled that —
“Any subsequent law of the state which so affects the remedy as substantially to impair and lessen the value of the contract is forbidden by article 1, § 10*465 of the constitution of the United States, which ordains that ‘ no state shall .' . . pass any . .. . law impairing the obligation of contracts.’ Chapter 109, Laws of 1893, concerning the sale and redemption of real estate, has no retroactive operation, and therefore does not apply to mortgage contracts existing at and before its passage. If the legislature intended the act to apply to such contracts, it violated article 1, § 10 of the constitution of the United States.”
Judgment affirmed.
Reference
- Full Case Name
- John L. Beverly v. Martha Barnitz
- Cited By
- 3 cases
- Status
- Published