Johnson v. Lewis
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Johnson v. Lewis
Opinion of the Court
By the Court This action is brought upon two promissory notes made by the defendants. The facts as they appear from the pleadings are as follows: On the 16th of March, 1859, L. Lewis and>M. L. Lewis, the defendants, made two negotiable promissory notes, payable respectively in one and two years from the-1st of July, 1859, to Bradford & G-arland, and at the same time executed to
The only question therefore is as to the effect of the quit claim deed referred to. At the time oí the execution of this deed, Bassett was the owner of -the note, the mortgage, and the indebtedness secured thereby. ■ Bradford & Garland, having parted with all their interest in the same, are mere strangers in this transaction.
An assignment of the debt draws the mortgage security after it as a consequence and as being appurtenant to the debt. “ The assignment of the interest of the mortgagee in the land, without an assignment of the debt, is considered to be without meaning or use. This • is the general language of the Courts of law, as well-as of the Courts of equity; and the common sense of the parties, the spirit of the mortgage contract, and the reason and policy of the thing would seem to be with the doctrine.” 4 Kent Com., 194, and <mthoriUes cited in W. 6.
It has already been determined by this Court' in the ease
We are therefore of opinion, that the notes and mortgage are unaffected by the quit claim' deed, and that the mortgage is a valid and outstanding security, which must be exhausted before an action can be maintained on the notes. ■ The order sustaining the demurrer to the reply is affirmed.
Reference
- Full Case Name
- E. E. Johnson v. Leonard Lewis
- Cited By
- 8 cases
- Status
- Published