VanDiviere v. Mitchell
VanDiviere v. Mitchell
Opinion of the Court
The opinion of the Court was delivered by
This action was heard by his Honor, Judge Watts, upon an agreed statement of facts, which, together with the appellant’s exceptions, will be incorporated in the report of the case.
The following appears in the decree of his Honor, Judge Watts, in addition to the formal provisions for foreclosure of the mortgage mentioned in the complaint, to wit: “It is ordered, adjudged, and decreed, that the execution and delivery of the deed for said premises by Burt Mitchell to Z. H. Carwile, the execution and delivery of the notes and mortgage, to secure the purchase money of the defendant, Z. H. Carwile, to the defendant, Burt Mitchell, the due record of said mortgage, as required by statute in this State, and the contemporaneous delivery of the possession of said premises by the grantor, Burt Mitchell, to his grantee, Z. H. Carwile, and the continuance of his possession of the same for some time thereafter — which I find as facts from the agreed statement of counsel reported herein by the master — subsequent purchasers and creditors were affected with notice of plaintiff’s mortgage and of possession thereunder, and the defenses of the defendants, W. P. Anderson and
Section 1968 of the Revised Statutes provides that * * * “all mortgages or instruments in writing in the nature of a mortgage of any property, real or personal, * * * and, generally, all instruments in writing now required by law to be recorded, * * * shall be valid, so as to affect, from the time of such delivery or execution, the rights of subsequent creditors or purchasers for valuable consideration without notice, only when recorded within forty days from the time of such delivery or execution in the office of register of mesne conveyance of the county where the property affected thereby is situated, in the case of real estate: * * * Provided, nevertheless, That the above mentioned deeds or instruments in writing, if recorded subsequent to the expiration of said period of forty days, shall be valid to affect the rights of subsequent creditors and purchasers for valuable consideration without notice, only from the date of such record.”
In order that the mortgage may be valid so as to affect the rights of subsequent creditors and purchasers for valuable consideration without notice, it is only necessary that it be recorded in the manner provided by law; but it is not necessary that the deed of conveyance of the person executing and delivering the mortgage should also be recorded. There is no such requirement in the statute. The mortgagee complied with all the requirements of the statute when the mortgage was duly recorded.
This case is ruled by the recent case of Younts v. Starnes et al., 42 S. C., 22. In that case it appears that a deed of conveyance of land was executed and delivered in 1882, and a mortgage executed and delivered by the grantee to secure payment of the purchase money. The mortgage was duly recorded, but the deed of conveyance was not placed upon the record. In 1886, the grantee, who had failed to record his deed because he believed it was defective, asked for and received a new deed as a substitute for the one delivered in
The recording of the mortgage being constructive notice to subsequent creditors and purchasers, the exceptions of the appellant are overruled.
It is the judgment of this Court, that the judgment of the Circuit Court be affirmed.
Reference
- Full Case Name
- VanDIVIERE v. MITCHELL
- Cited By
- 1 case
- Status
- Published
- Syllabus
- Constructive Notice — Mortgage.—A mortgage of real estate properly recorded is constructive notice, under section 1968 of Revised Statutes, for all purposes, to subsequent purchasers and encumbrancers, even when the deed for the mortgaged premises to the mortgagor is not recorded.