Shoop v. Stewart
Shoop v. Stewart
Opinion of the Court
The opinion of the court was delivered by
George W. Miller, guardian of Edward L., Clara C., Mabel and Grace Beard, minors, absconded, indebted to his wards in unequal amounts, in the aggregate sum of over $4600. A. Brañamah was duly appointed guardian in his stead, and by order of the probate court compromised with Miller’s bondsmen, receiving for the benefit of his wards ten shares of national bank stock of the par value of $100 each ; eighty acres of land ; and also a conveyance of an undivided two-thirds interest in the southwest quarter of section 10, township 35, range 2 west of 6th P. M-, iu Sumner county. The bank failed, rendering the bank stock worthless. The proceeds of the sale of the eighty-acre tract of land were expended in liquidating the costs and expenses of administering the estate in the probate court. When Edward L.
This action was brought by defendant in error Stewart to foreclose the mortgage given him by Edward L. Beard. The case was tried to the court without the intervention of a jury. Findings of fact and conclusions of law were made. The trial court found the interest of Edward L. Beard in the real estate at the date of the mortgage given by him to be 16.8 per cent, of the undivided two-thirds interest and decreed a foreclosure and sale. Defendants below, Nora 0. Shoop and Floyd Shoop, bring error.
There is but one question of law arising upon the record for our determination. Did the mortgage given by Edward L. Beard upon an undivided one-fourth interest in the real estate conveyed to his guardian for the benefit of the wards in settlement with the bondsmen of the defaulting guardian, Miller,, attach to, and become a lien on, the interest of Edward L. Beard therein ? If so, the judgment is right and must be affirmed. If not, it must be reversed.
In this state any beneficial interest in real estate
Again, it is true that the extent of his interest in the property was contingent and undetermined at the time he made the mortgage, and his interest, if the necessities of the case had so demanded, might have been exhausted in the probate court and the lien of the mortgage, thus yielding to the superior right, have been extinguished. But this contingency did not arise. The mortgage made covered the entire one-fourth of the undivided two-thirds interest in the real estate held by the guardian for the benefit of his-wards, and, in consequence, this mortgage would cover any less interest Beard might be found to own in the property.
This is not the case of one claiming the property by virtue of any right asserted therein as against the estate in the hands of the guardian, but a subsequent
We think the equities are with the mortgagee, and the judgment of the court equitable and just. It must, therefore, be affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.