Supreme Court of Pennsylvania, 1886

Conrad v. Susquehanna Building & Loan Ass'n

Conrad v. Susquehanna Building & Loan Ass'n
Supreme Court of Pennsylvania · Decided May 17, 1886
2 Sadler 499; 4 A. 177; 1886 Pa. LEXIS 751

Conrad v. Susquehanna Building & Loan Ass'n

Opinion of the Court

Per Curiam:

The judgment of the court is well supported by reason and by authority. The act of 1851 is a legislative gift to a widow,, which may devest such liens as are created by statute only, but does not devest one created by a mortgage. A mortgage is a> contract whereby the debtor specifically pledges -the land therein described to his creditor as security for the mortgage debt.

While for some purposes a mortgage is a mere chose in action, yet for other purposes it is a formal pledge of the land,, and a purchaser at sheriff’s sale under the mortgage will take-the land discharged from secret equities.

Judgment affirmed.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.