Aldrich v. Sharp

4 Ill. 261
CourtIllinois Supreme Court
DecidedDecember 15, 1841
StatusPublished
Cited by2 cases

This text of 4 Ill. 261 (Aldrich v. Sharp) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Aldrich v. Sharp, 4 Ill. 261 (Ill. 1841).

Opinion

Treat, Justice,

delivered the opinion of the Court:

On the 12th of June, 1837, Aldrich, the plaintiff in error, conveyed to Sharp, the defendant in error, by deed of mortgage, certain real estate situate in Adams county. The mortgage is conditioned for the payment of the sum of $450, on the 12th of December, 1837, with interest from the date of the mortgage, at the rate of twelve per centum per annum. In November, 1839, Sharp filed his bill in chancery in the Adams Circuit Court, against Aid-rich, to foreclose the mortgage. At the April term, 1840, the bill was taken pro confesso against Aldrich, and the Court thereupon decreed, that Aldrich, on or before the 10th day of September, 1840, should pay to Sharp the sum of $450, the principal of the mortgage, with interest at the rate of twelve per centum per annum, from the date of the mortgage, until the payment df the same should be made, deducting therefrom the sum of $52.84; and in default of such payment, that Aldrich should surrender up to Sharp the evidences of the title, and that the mortgaged premises be sold at public auction, for cash, and conveyed to the purchaser, by a commissioner named in the decree. At the January term, 1841, the commissioner reported, that, in default of payment, he had sold the mortgaged premises, as required by the decree j that Sharp, being the highest bidder, became the purchaser thereof, for the sum of $686, to whom thb commissioner had made a conveyance of the land. The Court approved of the sale and conveyance, and decreed that a writ of habere facias possessionem issue, directed to the sheriff of Adams county, commanding him to deliver to Sharp immediate possession of the premises sold under the decree.

To reverse these decrees, Aldrich prosecutes a writ of error to this Court, and presents several assignments of error, two only of which will be considered :

First. It is contended, that the decree of foreclosure is erroneous, because the amount due on the mortgage is not ascertained by the decree, and because the decree directs the payment of twelve per centum per annum interest, from the rendition of the decree. We are of the opinion, the decree, in both these respects, is erroneous. It was the duty of the Court to ascertain the amount of principal and interest due on the mortgage, at the time the decree was made, either by a reference to the master, or by computation by the Court, and to direct the payment of the amount thus ascer- ■ tained, with legal interest thereon. This has not been done, and, besides, the decree is so uncertain that the 'amount due on the mortgage cannot be determined from it. It directs the payment of $450, with interest at the rate of twelve per centum per annum from the date of the mortgage, deducting $52.84. Whether the last sum is to be credited to the principal, or to the interest, does not appear, nor does it appear when the credit was to be given. If to be credited as part payment of the principal, instead of the interest, the amount due at the entering of the decree, would be materially lessened. This Court decided, in the case of Mason et al. v. Eakle,

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Related

In re Laporta
578 B.R. 792 (N.D. Illinois, 2017)
Warmke v. Dahlke
83 N.E.2d 894 (Appellate Court of Illinois, 1949)

Cite This Page — Counsel Stack

Bluebook (online)
4 Ill. 261, Counsel Stack Legal Research, https://law.counselstack.com/opinion/aldrich-v-sharp-ill-1841.