Monroe v. Stephens
Monroe v. Stephens
Opinion of the Court
delivered the opinion of the court.
This is an action in ejectment by appellees to recover three quarter sections of land, one of the quarter sections ■described as the northwest quarter of section 22, township 5, range I, east. Both appellant and appellees claim to hold title through N. W. Naylor, to whom the land was patented. Appellant claims to hold the land as tenant of Naylor, and appellees claim under a deed from Anderson & Kemble, who, it is claimed, derived title through J. C. Calhoun and Peterson, Son & Co. from N. W. Naylor. Naylor mortgaged the land to Peterson, Son & Co., and in 1838 a suit was brought in the circuit court of the United States for Kentucky to foreclose the mortgage, and to sell the land in satisfaction of the debt. A decree of foreclosure was entered, and time given until the next term of the court, and on failure of Naylor to redeem, his equity of redemption was barred by decree, the land directed to be sold by commissioner; and at a sale made in conformity to the decree, 1844, Peterson, Son & Co. became the purchasers for a sum much less than their mortgage debt, which had been ascertained in the said decree. The report ®f sale was confirmed, and a writ of possession ordered. No con-'
The first objection made by appellant to the ruling of the court is in the admission, of the record and deed of Meriwether from the United States Court, and upon the ground, first, that the time intervening between the final decree in 1844 and the making of the deed in 1873 operated as a bar to the enforcement of the decree in favor of Peterson, Son & Co.; and second, that the deed does not conform to the decree. We need not consider the question of the admissibility in evidence of the deed of Meriwether, because we are of the opinion that, as Peterson, Son & Co., the mortgagees, were the purchasers under the decree of foreclosure, the title to the land vested in them absolutely, and free from all conditions. The proceedings in the suit for foreclosure were in conformity to the practice in chancery then pursued in Kentucky (Dowing, See., v. Palmateer, 1 Mon., 66)7 and the legal title being in Peterson, Son & Co. by the execution of the mortgage, the right of redemption being barred by the final decree for sale, which was preceded by an order giving time to redeem, and the mortgagees being purchasers under that decree for a sum less than the mortgage debt, all conditions affecting the title were removed, and it then vested absolutely in Peterson, Son & Co., and therefore no conveyance to them by commissioner was necessary. (Fenwick’s adm’r v. Macey, 2 B. M., 487; Jones on Mortgages vol. 2, sec. 1586; Perine v. Dunn, 4 Johnson’s N. Y. Ch.)
The second objections are to the introduction in evidence of the deeds from Peterson, Son & Co. to Calhoun, and from Calhoun to Anderson & Kemble. These objections
Judgment reversed, and cause remanded with direction :for further proceedings consistent with this opinion.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.