Farmers & Merchants' State Bank v. Thornburg

Nebraska Supreme Court
Farmers & Merchants' State Bank v. Thornburg, 64 Neb. 76 (Neb. 1902)
89 N.W. 626; 1902 Neb. LEXIS 119
Sullivan

Farmers & Merchants' State Bank v. Thornburg

Opinion of the Court

Sullivan, O. J.

This is an appeal from an order of confirmation made by the district court of Gage county in an action brought by the Farmers & Merchants’ State Bank against James Thornburg to foreclose a mortgage upon lot 2 of .block 35 in the city of Beatrice. The ground upon which the order is assathed is that the appraisers deducted from the gross value of the property the sum of $250 on account of a prior mortgage which had in fact been paid and released of record, but which was., nevertheless, through an error of the register of deeds, certified to the sheriff as a subsisting lien. The premises were valued by the appraisers at $2,800, and the interest of the defendant, after deducting the canceled mortgage and taxes, amounting to $12.05, was fixed at $2,537.95. The selling price was $1,692, which, ' it will be seen, was less than two-thirds of the value of such interest as fixed by the appraisers. Upon these facts, the district court did not err in overruling the motion to vacate the sale. It was the duty of the sheriff, acting in obedience to the provisions of section 491 d of the Code of Civil Procedure, to deposit a copy of the appraisement in the office of the clerk of the district court before the sale was adver*77Used. If this duty was performed,—and presumably it was,—the defendant knew, or at least was charged with knowledge of the value of his interest in the property as fixed by the appraisers, and he should have then moved to set the appraisement aside if he was dissatisfied with it. It has been frequently decided by this court, and is now the settled rule, that objections to an appraisement not founded upon fraud must be filed with the clerk of the district court before the sale occurs. Vought v. Foxworthy, 38 Nebr., 790; Kearney Land & Investment Co. v. Aspinwall, 45 Nebr., 601; Security Investment Co. v. Sizer, 58 Nebr., 669. It is not claimed that the appraisers in this case acted fraudulently in deducting the $250 mortgage, and hence it was too late to question their appraisement after the sale had been made. The order of confirmation is

Affirmed.

Reference

Full Case Name
Farmers & Merchants' State Bank of Beatrice v. James Thornburg
Status
Published