Fisher v. Clyde
Fisher v. Clyde
Opinion of the Court
The opinion of the Court was delivered by
That the court‘below, in their instruction to the jury, erred, is very apparent. For the plaintiffs below having purchased that portion of the mortgaged land which they now hold, lying in Northumberland county, subject, at least, to the payment of its due proportion of the mortgage debt, they, in paying the amount of it to the executors of Joseph Heister, must, in equity and upon every principle of natural justice, be considered as having paid it, the same as if it had been their own debt, so far as it was properly a charge upon that portion of the mortgaged premises held by them. In buying at the sheriff’s, sale, they only purchased and paid for. the equity of redemption, so that when they paid off the mortgage debt, they became the absolute owners of that portion of the land purchased by them at sheriff’s sale, in fee; and could not be considered as standing in the shoes of the mortgagee, excepting as to the residue of the land lying in Columbia county, and as having only, at most, a claim against it for what it, according to its relative value, ought to bear. The whole of the land, embraced within the mortgage, may be regarded as debtor to the amount of the money due upon it; and under this view, therefore, each part of the land must contribute its due proportion towards payment of that amount, which is to be estimated and ascertained according to their respective relative values at the time of the sheriff’s sale. The only difficulty or question with this court has been, whether the plaintiffs below have a right to go against that portion of the land holden by Caleb and John Fisher, as terre-tenants, in Columbia
From what has been said, in regard to the error of the court in charging the jury, it may be perceived that the court erred also in rejecting the evidence offered by the defendants below, for the purpose of showing the value of each parcel of land at the time of the sheriff’s sale to the plaintiffs below; without which, it would be impracticable to ascertain' correctly the due proportion of the mortgage debt that each parcel of land ought to bear.
Judgment reversed, and a venire facias de novo awarded.
Reference
- Full Case Name
- Fisher against Clyde
- Cited By
- 2 cases
- Status
- Published