Muscatine Mortgage & Trust Co. v. McGaughey
Muscatine Mortgage & Trust Co. v. McGaughey
Opinion of the Court
In this, an appeal from an order of confirmation of a judicial sale made pursuant to a decree in an action of foreclosure of a real estate mortgage, it appears that subsequent to the sale and prior to confirmation thereof the ■following stipulation was made and filed in the cause: “It is hereby agreed and stipulated by'and between the parties hereto that upon the receipt by the plaintiff of the sum of $50 cash in hand paid, to be applied by said plaintiff on coupons representing interest on the first mortgage on the premises involved in this action, Avhich said coupons plaintiff, for its own protection, has been obliged to pay since the institution of this suit, and upon the payment.of the further sum of $150 on or before the 25th day of May, 1894, to be applied as above, and upon the further receipt by said plaintiff on or before the 15th day of April, 1895, of an amount of money equal to said decree and costs, together Avith all interest accrued on said first mortgage, together Avith all taxes against said premises, either paid by plaintiff or then remaining unpaid, then this plaintiff agrees to assign said decree to the defendant, the Nebraska Land, Stock-GroAving & Investment Company, or to whomsoever said defendant may direct, and upon the failure of said plaintiffs to receive said sums of money, or either of them, as aforesaid, then the said sale heretofore had is to be confirmed without objection.” There was a motion to confirm the sale, filed February 23,1894, and prior to the stipulation which we have quoted, Avhich was filed May 24, 1894. Subsequent to the stipulation nothing further Avas done in regard to confirmation until June 9,1896. When the matter Avas presented, objections to confirmation had been filed. It appears that in partial compliance with the stipulation there had been $50 paid, a second payment in amount .$150, and another payment in the sum of $75; also, that there had been improvements of the real estate involved in the litigation. ' It is now urged that by reason
Eelative to other objections to confirmation, they could
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.