Bingaman v. Hyatt

1 S. & M. 437
Mississippi Chancery Courts·Decided December 15, 1843·Published·Cited by 1 cases

Opinion

Chancellor.

This is a bill to foreclose a mortgage, given by one Jacob B. Wannack, now deceased, to the complainant, dated the 8th of April, 1836, conveying certain lands in the county of Yazoo, by way of indemnity, against the liability which the complainant had incurred, as the accommodation indorser of War-mack, on a certain bill of exchange. The bill alleges, and the agreement of counsel admits, that the bill of exchange was taken up and paid by the complainant; and thus his right to a foreclosure, as against the mortgagor, became complete and perfect. The defendants, however, set up claim to the mortgage premises, as purchasers, under a judgment rendered against the mortgagor, after the date of the mortgage, but before the same was recorded. By the statutes of this State, a judgment is a lien upon the property, both real and personal of the defendant, from its date ; but a mortgage takes effect only, as against creditors, from the date of its registration. The judgment, under which the defendants claim, being of older date than the registration of the mortgage, must of course overreach it, unless by the subsequent proceedings under that judgment its lien became extinguished and discharged. It [445] appears that an execution of fieri facias, of older date than the one under which the defendants purchased, had been sued out and levied upon personal property, sufficient to satisfy the amount of the judgment. A forthcoming bond was thereupon given, which was afterwards returned “ forfeited,” according to the provisions of the statute upon that subject. An execution issued upon this bond, which was superseded ; and at a subsequent terra of the Court, from which it issued, both the execution and bond were quashed and set aside. A new execution was then issued on the original judgments, under which the defendants purchased the land in controversy. Whether the prior proceedings had the effect of discharging the lien of the judgment, or of restoring it to its original vigor, is the main point for decision. I much doubt whether the order of the Circuit Court, quashing the forthcoming bond, is not to be regarded as a mere nullity. The term of the Court at which the bond became a judgment, by operation of the statute, having elapsed, that Court had not, I apprehend, any more power to revise or set aside that judgment, than it would have had to set aside its own judgment, formally rendered at a preceding term. This is the view which I infer the Supreme Court took of the question, in the case of Wanser v. Barker (4 How. Rep. 363), when it declared that a motion to quash a forthcoming bond could not be entertained, after the term at which it became forfeited had elapsed. If then the order of the Circuit Court, in quashing the bond is void, as being coram non judice, the result is, that that bond is still in force ; and according to the uniform decisions in this State, it operated an extinguishment of the original judgment, from the moment the forfeiture took place ; and, as a consequence, gave priority to the mortgage, which was registered before the date of such forfeiture. But whether this view of the case be correct or not, still I apprehend that the original judgment itself must, in law, be regarded as satisfied, at the time of the sale under it to the defendants. A levy upon personal property, sufficient to satisfy the judgment, appears to have been made on a prior execution, and a bond given for its delivery on the day of sale. If then it be true, as urged by the defendants, that this bond was rightfully qpashed as a mere nullity, the case would stand as though no such [446] bond bad ever been given, leaving the levy under the execution .in full force, and the property liable to be seized and sold under a venditioni exponas. The levy of an execution is not discharged even by taking a regular statutory bond, as is evidenced by the very terms and conditions of such bond. The levy continues in force until the bond is forfeited, and has the force and effect of a judgment ; ” and if an irregular bond, or one not in conformity with the statute, be taken, it is clear that it could never have the force and effect of a judgment,” and therefore that the event could never happen, upon which the levy becomes discharged. In such case, the plaintiff in the original judgment would have a right to regard the levy as still subsisting, and to call for a venditioni exponas to enforce it. The sheriff has no authority to take any other bond, than that prescribed by the statute, and if he does, the plaintiff in execution is not bound by it. A levy once made, must remain in force, until legally discharged ; an illegal bond could not have that effect. From this view of the case, it appears that at the time when the mortgage was registered, and at the time when the defendants purchased the land, under the judgment against the mortgagor, there was still subsisting and undisposed of, a prior levy on sufficient personal property, to satisfy that judgment. This levy, upon well settled and familiar principles of law, operated an extinguishment of the judgment. From the moment it was made, the general lien of the judgment ceased to operate upon the other property of the defendant in the execution, and attached specifically upon the property levied on. (Ex parte Lawrence, 4 Cow. R. 417.)

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Bingaman v. Hyatt, 1 S. & M. 437 (Mich. Super. Ct. 1843).

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