Day v. Baldwin
This text of 34 Iowa 380 (Day v. Baldwin) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
[383]*383
As before remarked no personal judgment is asked against any of the defendants. Cooley holds the land under the foreclosure sale upon the second note, so that he alone will be affected by the enforcement of plaintiffs’ claim. It is against his property that the action is brought, and that he may plead the statute of limitations in bar of the action in this respect, we have no doubt. He has taken the place of the maker of the note, as the owner of the equity of redemption. He is the purchaser of Baldwin’s interest in the land, and as such, may set up the bar of the statute. See Gower v. Winchester, supra; see, also, McCarty v. White, 21 Cal. 495; Coster v. Brown, 23 id. 142.
It is insisted by,appellee that the admission by Baldwin, that the note has never been paid, removes the bar of the statute from the right of action to enforce the lien, and cites Hendershott v. Ping, 24 Iowa, 134, as sustaining this position. We think the learned counsel has misapprehended the decision in that case. In that case a decree of foreclosure had been rendered on the mortgage, before the [385]*385time of the statute had run, and the question was whether, after ten years from the date of this decree, the plaintiff having piuehased the land, he was entitled to have the lien of the decree removed and his title quieted, and it was held that he was not, on the ground that the lien of the mortgage did not merge in the decree, and that under subdivision 5 of section 2740, an execution might issue at any time before the judgment was barred by tbe statute of limitations, which is twenty years from the date of its rendition. That case is, in no wise, in conflict with the views above expressed. It simply holds that, so long as the plaintiff in the judgment has a right to an execution for the sale of the mortgaged premises, a purchaser has no right of action to quiet title in himself, as against such judgment plaintiff, and that such right to issue execution, exists for twenty years from the rendition of the judgment. That time had not expired at the time of the action by the plaintiff. In this case the plaintiff’s right of |ption on the note, and also his right of action to foreclose against the land and those interested therein, had expired, and was barred before be brought his action, and he has shown no circumstance taking the' case out of the operation of the statute, as respects his cause of action against Cooley. The judgment will, therefore, be reversed, with directions to the district court to render a decree dismissing plaintiff’s petition on the merits with costs, or if appellant so elects sudh judgment will he rendered in this court.
Reversed.
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