Braden v. Graves

85 Ind. 92
CourtIndiana Supreme Court
DecidedNovember 15, 1882
DocketNo. 9292
StatusPublished
Cited by13 cases

This text of 85 Ind. 92 (Braden v. Graves) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Braden v. Graves, 85 Ind. 92 (Ind. 1882).

Opinion

Best, C.

Albert G. Hanks and Eliza, his wife, executed a mortgage, in the form of an absolute deed, upon the premises in the complaint described, to the appellee. This mortgage was immediately recorded, but was junior to two judgments against said Albert G„ which were liens, and upon which the premises were subsequently sold and conveyed to the appellant. The mortgagors, after its execution, also-conveyed the premises to the appellant, after which Albert G. [93]*93died, leaving Eliza, his wife, surviving him. Thereupon the appellee brought this action against the appellant to foreclose the mortgage upon the undivided one-third of said premises. A demurrer was sustained to the complaint, and this ruling, upon appeal, was reversed by this court, Graves v. Braden, -62 Ind. 93; to which reference is made for a more detailed statement of the facts alleged in the complaint.

After the cause was remanded, among other pleadings, a •counter-claim was filed by which the appellant sought to enforce a vendor’s lien upon said premises, alleging that the appellee had executed a note to Eliza Hanks for the purchase-money, and that the same had been by her endorsed to him. He also alleged, that he had been compelled to pay two mortgages upon said premises, which were prior liens, and he .sought to enforce such liens against the appellee. Issues were •formed, a trial had, and the court found the facts specially, stated its conclusions of law thereon, and rendered final judgment accordingly. The appellant reserved exceptions to the cpnclusions of law, and in his brief .relies alone upon- these exceptions for a reversal of the judgment.

The court found the facts alleged in the complaint, and also found the following facts: “ That the plaintiff executed to Eliza M. Hanks the following note:

“‘August 10th, 1867.
“‘On or before the 25th day of December, 1868,1 promise to pay to Eliza M. Hanks two'thousand and four hundred dollars, for value received of her, waiving valuation or appraisement laws of Indiana. The above note is given for real estate in the county of Shelby, and State of Indiana. If •either party, or their administrator, become dissatisfied at the time of maturity of the note, the said C. C. Graves is to make back to the said Eliza M. Hanks a deed.
“ ‘ O. C. Gkaves.’
“ The above note was, after the execution of the deeds by the sheriff and after the death of Hanks, endorsed in writing ■on the back thereof by Eliza M. Hanks to the defendant, [94]*94Braden, without any consideration whatever, and the above note from Graves to Eliza M. Hanks was executed without any consideration whatever; and the said Graves^ had not purchased any land from said Eliza, or any other person, for which said note was given, and Braden has no right to recover thereon; that before the execution of the Graves mortgage, to wit, on the 6th day of August, 1867, Hanks and wife executed to Joseph D. Sidener their mortgage, whereby they mortgaged and warranted to said Sidener the above described eighty-acre tract of land to secure the payment, when the same became due, of two promissory notes made, by said Hanks to Sidener; one note dated July 1st, 1867, due five months after date, for $451.50; and the other said note, for $624, dated August 6th, 1867, due four months after date; and both to draw ten per cent, interest until paid, if not paid punctually at maturity; which mortgage was duly executed and acknowledged, and recorded in the recorder’s office, in Mortgage Record ‘ G,’ one of the proper records of said office, on the 6th day of August, 1867; that on the 5th day of February, 1870, for the purpose of protecting his title to said lands as conveyed him by said Hanks and wife, Braden paid off and satisfied said mortgage in full, by paying to said Sidener $1,290.47, the full amount then due thereon, and said mortgage was properly endorsed of record as fully paid and satisfied by said Sidener.
“ On the 2d day of October, 1858, Hanks and wife executed their certain mortgage to the State of Indiana upon the above described forty-acre tract of land; whereby they mortgaged and warranted to the State of Indiana the said land, to secure the payment of the sum of $500, and seven per cent, interest therefor, which sum had been borrowed by Hanks from the sinking-fund of the State of Indiana.
“On the 25th day of September, A. D. 1871, for the purpose of protecting his title, Braden paid to the State of Indiana the amount due upon said mortgage, being $541.50, and. [95]*95the said mortgage was then and there cancelled and sftisfied of record, upon the proper records in the recorder’s office of Shelby county.
That plaintiff never at any time delivered or surrendered to defendant his mortgage or any interest therein; that plaintiff is and has been for fifteen years last past a non-resident of the State of Indiana, but a resident of the State of Kentucky, and has no property subject to execution in the State of Indiana.
“ The note executed by Hanks to plaintiff is due and unpaid, and there is now due thereon the sum .of $601, collectible without relief from the valuation or appraisement laws of the State of Indiana, and the one undivided third part in value of the above described land is liable to be sold upon decree as lands are sold upon execution, to pay and satisfy the sum so found due upon said note; that defendant, Braden, by the payment of the Sidener mortgage, which wras a prior lien upon the eighty-acre tract, and by the payment of the sinking-fund mortgage, which was a prior lien upon the forty-acre tract, to the mortgage of Graves, has the right to have said liens kept alive and on foot as between himself and plaintiff; that the one-third of the $541.50 paid upon the sinking-fund mortgage, to wit, the sum of $180.50, with interest at the rate of six per cent, thereon from September 25th, 1871, is a prior lien on the undivided one-third of the forty-acre tract of land described in the Graves mortgage, which sum must first be paid by Graves to Braden, or the said sum must first be paid to Braden out of the proceeds of the sale of said land; that the one-third of the $1,290.47 paid by Braden upon the Sidener mortgage, to wit, the sum of $430.16, with interest thereon at the rate of six per cent., from the 15th day of February, A. E. 1870, is a prior lien to the Graves mortgage upon the undivided one-third part in value of the eighty-acre tract of land, which sum must be paid by Graves to Braden, or the said sum must be paid to Braden out of the proceeds of sale of the said tract of land; that the relation of principal and [96]*96suretfin no manner existed between Graves and Braden, and hence Braden is not entitled to ten per cent, interest upon the sums stipulated in Sidener’s mortgage, or seven per cent, as stipulated in the sinking-fund mortgage, and, as between himself- and Graves, can only receive six per cent, interest upon the one-third of the amount paid out by him from date of payment.”

The facts found do not show, that the appellant had actual knowledge of the existence of the appellee’s mortgage at the time he purchased and paid for the land, and the-appellant insists that this mortgage was not recorded in the proper record, and for that reason the record was not constructive notice to him.

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Cite This Page — Counsel Stack

Bluebook (online)
85 Ind. 92, Counsel Stack Legal Research, https://law.counselstack.com/opinion/braden-v-graves-ind-1882.