Carr v. McColgan

60 A. 606, 100 Md. 462, 1905 Md. LEXIS 49
CourtCourt of Appeals of Maryland
DecidedMarch 21, 1905
StatusPublished

This text of 60 A. 606 (Carr v. McColgan) is published on Counsel Stack Legal Research, covering Court of Appeals of Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Carr v. McColgan, 60 A. 606, 100 Md. 462, 1905 Md. LEXIS 49 (Md. 1905).

Opinion

Schmucker, J.,

delivered the opinion of the Court.

■ This is an appeal from an order of the Circuit Court for Carroll County in equity overruling exceptions to a sale of a mortgaged farm under the power of sale contained in the mortgage, and ratifying the sale. ■ The exceptions were filed by the-mortgagors upon the ground that there never had been a valid execution of the mortgage.

The mortgagors, the mortgagee, the notary before whom the mortgage was acknowledged, the attorney who prepared the mortgage and other persons were examined as witnesses under the exceptions. With the exception hereinafter mentioned, there was no real conflict between the testimony of the several witnesses. Without noticing the evidence in detail it is sufficient to say that we find therefrom the following state of facts material to the present controversy.

*473 The appellant, George R. Carr, applied to the appellee through a real estate broker for a loan of $8,000 to be secured by a mortgage on a farm in Carroll County owned by him. After some negotiations it was agreed between the parties that the appellee should lend $7,000 on the farm if the title proved to be good and that Walter W. Parker of the Baltimore Bar should investigate the title and draw thé mortgage. Theer was at that time a ground rent of $300 per annum on part of the farm and the taxes were in arrear and there were some judgments of record against Carr. It was agreed that all of these incumbrances were to be paid off out of the $7,000 to be lent by the appellee so that its repayment might be secured by a mortgage on the unincumbered estate in fee in the farm.

The investigation of the title proved to be troublesome and occupied so long a time that Carr’s judgment creditors became pressing in their demands for payment, and finally, through their counsel, notified Mr. Parker on February 7th, 1902, that they would issue execution on the judgments unless they were paid on the following day. Mr. Parker having completed the investigation of the title proceeded at once to prepare the necessary conveyances to consummate the mortgage loan, and sent word to Carr to come to his office to execute them. Mr. Carr responded promptly and, taking his wife with him, went on the afternoon of the same day to Mr. Parker’s office to execute the papers.

As it was necessary to send the deed for the extinguishment of the ground rent on the farm to the owner of the rent for execution, the preparation of that conveyance received attention first. The description of the farm was somewhat intricate and its preparation consumed so much time that the mortgage had been only partly finished by seven o’clock in the evening. In order to permit the mortgagors to return home the mortgage notes were signed by them and left with Mr. Parker and they also executed the mortgage in its incomplete condition with the understanding that Mr. Parker was to take it to his house and complete it that evening.

The testimony is conflicting as to the reason for executing *474 the mortgage in an incomplete condition and also as to the extent to which it had been completed at the time of its execution. Mr. Parker testifies with clearness and positively that, Mrs. Carr having several times during the preparation of the mortgage expressed a desire to get away, he informed her and her husband that they might remain in his office until the mortgage was ready or if they desired it he would send for a notary, and in the meantime prepare the mortgage notes and finish the mortgage as nearly as possible and when the notary arrived they could sign and acknowledge the mortgage and sign the notes and go home and he would then take the mortgage to his house and finish it. Carr and wife readily consented to the suggested arrangement giving as their reason that they were anxious to get home. The notary was then sent for and the mortgage executed and acknowledged by Carr and his wife and left with Parker to be completed. The mortgage notes were also signed by Carr and wife and left with Parker.

Mr. Parker further testified positively that at the time of the execution of the mortgage, it had been entirely completed except that the latter portion (about one-half) of the description-of the land had not been inserted and the paper had not been endorsed. The portion of the description of the land which Mr. Parker said had been inserted in the mortgage before its execution described in general terms the location of the land and the names of the several tracts of which it was composed and a number but not all of the courses and distances of its boundary lines. The reason assigned by Mr. Parker for the unusual length of time required to complete the mortgage was that an entirely new description of the land had to be made from a variety of deeds, plats and surveys, as the mortgagor had purchased it in different parcels and had at various times exchanged portions of it for contiguous lands in order to straighten his boundaries.

Mr. Carr and his wife testified that they had signed the mortgage notes and had also signed and acknowledged the mortgage at the time and place mentioned by Mr. Parker and left *475 them with him. Mr. Carr said that the mortgage was a “form in blank” and his wife said that shé put her name to the papers at her husband’s request but knew nothing further about them; but as both of these witnesses stated that they did not read or examine tbe mortgage when they signed it, although it appears that they were not prevented from so doing, their testimony as to the state of its completion when executed is of little value. Carr, although he testified somewhat evasively, did not attempt to deny that the loan was made to him on the terms set forth in the mortgage or that the land therein described was that which he had agreed to give as security for the repayment of the loan.

On the following morning, January 8th, 1902, Mr. Parker took the completed mortgage to the mortgagee, McColgan, and told him of the circumstances of its execution. McColgan accepted the mortgage and furnished the $7,000 agreed upon and the mortgage was recorded. The money was applied so far as necessary, through Mr. Parker, to the redemption of the ground rent and the satisfaction of the liens on the mortgaged land, and the balance accounted for to the mortgagor, Carr, who ádmitted when upon the stand that he had received the benefit of the entire $7,000.

The, testimony of Mr. Parker as to the the details of the mortgage transaction was corroborated by the other witnesses, except in so far as it was contradicted by that of the mortgagors, and we are satisfied that it presents k correct' account of the occurrences to which it relates.

A few days after the recording of the mortgage a confirmatory mortgage was executed in due form between the same parties in order to more clearly describe a right of way and correctly state the acreage of the farm. This new instrument recites distinctly the making of the $7,000 loan and the execution of the- original mortgage on the farm to secure its repayment and formally and in express terms confirms the conveyance of the farm thereby made to the mortgagee.

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Bluebook (online)
60 A. 606, 100 Md. 462, 1905 Md. LEXIS 49, Counsel Stack Legal Research, https://law.counselstack.com/opinion/carr-v-mccolgan-md-1905.