Dakota National Bank v. Johnson
This text of 184 N.W. 210 (Dakota National Bank v. Johnson) is published on Counsel Stack Legal Research, covering South Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Action to have a deed declared to be a mortgage and to foreclose same. Judgment was against both defendants, who are husband and wife. The husband made two motions seeking to have the judgment vacated, and that he'be allowed to defend. These motions were both denied, and he has not appealed. The wife also moved to have the judgment vacated as to her and for leave to defend. Her motion was granted, and, from the order granting same, plaintiff has appealed.
The deed in question was given in 1914. The complaint alleged that the deed was given to secure the then existing indebtedness of defendants to a certain bank, and also any indebtedness thereafter existing against either or both of said defendants in favor of such bank. The complaint alleged that the deed secured a note of $2,157 signed by both and dated in I9¡r8, six notes signed by the husband alone, of various dates subsequent to that of the $2,157 note, and aggregating in all some $1,500, and the amount of certain advancements made by the bank, but not evidenced, by notes.
Though an appearance was entered upon -behalf of defendants, they failed to appear for trial. The court made findings among which was a finding that respondent executed all. of the notes. Judgment was entered against both defendants for the full amount of all the notes and of the other two items of claimed indebtedness. Upon special execution sale, the property was bid in for much less than the amount of the judgment, thus leaving a large deficiency judgment against respondent, who is possessed of other property. The property covered by the deed was the homestead of defendants, and of a value far exceeding.the amount bid at the foreclosure sale. Respondent by affidavit represented to the trial court that the agreement was that the deed was to [391]*391secure only the indebtedness then existing in favor of the bank, which is the same indebtedness that was afterwards represented ' y the $2,157 note; that there never was any agreement under which this property could be held as security for any of the six ■■otes, nor for the other items of indebtedness. She offered judgment on the $2,157 note, and sought to defend as against all the others.
The.order appealed from is affirmed.
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Cite This Page — Counsel Stack
184 N.W. 210, 44 S.D. 389, 1921 S.D. LEXIS 125, Counsel Stack Legal Research, https://law.counselstack.com/opinion/dakota-national-bank-v-johnson-sd-1921.