Dennis v. Sharer

22 N.W. 879, 56 Mich. 224, 1885 Mich. LEXIS 649
CourtMichigan Supreme Court
DecidedApril 9, 1885
StatusPublished
Cited by2 cases

This text of 22 N.W. 879 (Dennis v. Sharer) is published on Counsel Stack Legal Research, covering Michigan Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Dennis v. Sharer, 22 N.W. 879, 56 Mich. 224, 1885 Mich. LEXIS 649 (Mich. 1885).

Opinion

Champlin, J.

The original bill was filed by Henry O. Lewis to foreclose a mortgage executed by Sharer to Culver and by him assigned to David B. Dennis as collateral security to a note and mortgage given by Culver to Dennis, dated, the 5th day of May, 1875, to secure $1000 four years from [226]*226date, with interest at ten per cent., payable annually. The bond and mortgage in suit, which was held by Lewis as collateral, had its origin as follows:

Jonathan E. Culver died testate, seized at the time of his death of certain real estate, and the owner of quite an amount of personal estate. He also owed debts to a considerable amount. Charles E. Culver is his son, Selleck ~W. Sharer his son-in-law, and Mary C. Sharer his daughter. He left a widow, whose name is Clara. By his last will he bequeathed and devised certain real and personal estate to his wife. He also devised to his son, Charles E., real estate of the value of $6200 ; to his daughter, Mary 0., real estate of the value of $3575; to his son-in-law, Selleck W. Sharer, real estate of the value of $1200. He also made 'bequests of his personal property to said Charles E. Culver, to Selleck W. Sharer, and to Hobart W. Sharer. He then bequeathed to Selleck W. Sharer and Charles E. Culver, jointly, all stock on the farm, except one cow and ten sheep, all hogs and horses, all farming tools and implements and machinery, of the value at his death of $2141.25. And he incorporated in his will .the following condition: “ This will is conditioned that Charles E. Culver and Selleck W. Sharer hold-themselves, and the'property made over to them in the above will, liable for all legal claims which may come against said property.” Some time after the death of Jonathan Culver ■Charles E. Culver sold and conveyed to Selleck W. Sharer the land devised to him for the consideration of $6000, no part of which was paid down, but Sharer secured the payment thereof by the execution of the bond arid mortgage in suit, which bond is as follows:

Know all men by these presents, that I, Sellick W. Sharer of Matteson, county of Branch and state of Michigan, am held and firmly bound unto Charles E. Culver of the same place, in the penal sum of five thousand dollars, well and truly to be paid to said Culver, his heirs, executors, administrators and assigns, if default be made in the conditions of this bond hereinafter specified, and for which I bind myself, heirs, executors, administrators, and assigns firmly by these presents. Signed with my hand and sealed [227]*227with my seal, and dated at Colon, St. Joseph county, Michigan, this 18th day of July, A. D. 1873. Now, the conditions of these presents are these: The parties hereto are legatees of the late Jonathan H. Culver, of said Matteson, deceased, and are liable severally, in proportion to the amount of their respective legacies, for all debts and charges, present ■and prospective, against the estate of the said deceased Mr. Culver. And whereas the said Charles E. Culver has this day sold and deeded to the said Sellick W. Sharer his land given and devised to him, the said Charles E., in and by the last will and testament of his father, the said Jonathan H. ■Culver : And now comes the said Sellick W., and hereby promises and binds himself, heirs, &c., to pay the said ■Charles E., his heirs, &c., for the said land as follows, to wit: One thousand dollars within one month of this date, cash ; then next to pay, as of the date of the decree or order of payment of the said debts, by his honor the judge of probate of Branch county, all of the proportion of •said debts that may be the just and equitable share of the said Charles E. Culver, and saving him at all times harmless therefrom, provided it shall not exceed the sum of five thousand dollars, that being the sum left in said Sharer’s hands for said purpose, and for no other, except in case following, to wit: After the final and full determination of the said share of the said Culver’s liability, the amount for him to pay •of the said debts and probable costs -and charges as a said legatee, if there shall be and remain in the hands of the said ■Sharer nny part of the said sum of the said five thousand, dollars, that portion remaining the said Sharer promises to pay to said Culver in four equal annual payments; installments, with interest, commencing on the day of the final adjustment of the amount due of debts, costs and charges as aforesaid, and date of the commencement of the first year, for first installment, same time. A note is given for the said thousand dollars, due in one month. The interest on the said installments is to be at the rate of ten per centum per annum.
Witness the hand and seal of the said Sharer at Colon, St. Joseph county, Michigan, this date above first set forth written.
Sellick W. Sharer. [Seal.]
Signed, sealed, and delivered in presence of Louis A. Leland,
C. SoHELLHOUSE.”

[228]*228At this time the estate was in process of settlement by an administrator with the will annexed. There was some litigation causing delays, and the final order establishing the amount of the claims for which the estate was liable was not made until April 11, 1882.

On May 5, 1877, D. B. Dennis, then being the holder of the note and mortgage first mentioned, and also the bond and mortgage executed by Sharer as collateral thereto, received from Sharer the following writing :

This is to certify that D. B. Dennis is the holder of a mortgage against Charles E. Culver for one thousand dollars, dated May 5, ’75, and ten per cent, interest. There is due and unpaid on said mortgage eleven hundred dollars, May 5, ’77; and said Dennis also holds my bond and mortgage, given to Charles E. Culver as collateral to his mortgage. I now agree to become responsible to said Dennis for the amount due on Culver mortgage, and to pay the same with annual interest at ten per cent., on or before one year from January 8th, 1878; the same to be endorsed on my bond and mortgage.
S. W. Sharer.”

The Culver mortgage, by its terms, matured May 5, 1879, and he now claims that by the above paper Sharer assumed the mortgage debt, and made arrangements without his knowledge or consent by which the time of payment was extended to January 1, 1879, whereby he is entirely discharged from all liability thereon. But no such consequences follow. Culver was a principal debtor to Dennis, not a surety, and nothing in the certificate prevented him from paying his debt at maturity. There was no agreement to release him, or to extend the time of payment of his debt 'to Dennis. His debt became due on the 5th of May, 1879; and the bill to foreclose the collateral mortgage was filed September 1, 1879.

A more important question is, when do the payments under the bond* given by Sharer to Culver mature, and when do they commence to draw interest % The condition is to pay $1000 within one month from the date. This has been paid. Then next, “ to pay, as of the date of the decree or order of [229]*229payments of said debts,

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Bluebook (online)
22 N.W. 879, 56 Mich. 224, 1885 Mich. LEXIS 649, Counsel Stack Legal Research, https://law.counselstack.com/opinion/dennis-v-sharer-mich-1885.