Hobart v. Frederiksen

105 N.W. 168, 20 S.D. 248, 1905 S.D. LEXIS 130
South Dakota Supreme Court·Decided November 1, 1905·Published·Cited by 4 cases

Opinion

CORSON, J.

This was an action to enforce specific performance of a contract for the conveyance of a quarter section of land situated in Clark county. Findings and judgment being in favor of the plaintiff, the defendant has appealed.

The court in its findings of facts finds in effect that the defendant was the owner of the property; that on or about the loth day [249] of October, 1901, the plaintiff and defendant entered into an agreement in writing wherein and whereby the said defendant agreed to sell and convey to the said plaintiff by deed of warranty the said premises for the sum of $600, of which the sum of $50 was to be paid the said defendant on the said 10th day of October as part of the purchase price thereof, and the balance of the sum of $550 to be paid in cash on or before 30 days from said day, or upon delivery to the said plaintiff by the said defendant of an abstract of title to said premises, completed to date, showing a title perfect in the said defendant free of all incumbrances; that said sum of $50 was paid to the defendant by the plaintiff on the aforesaid contract on October 10th; that on or about the 17th day of October it was agreed by and between the plaintiff and defendant that said $550, the balance due as the purchase price of said premises, might be paid to the National Bank of Commerce at the city of Minneapolis, and that the warranty deed and other -title papers should be delivered to the plaintiff there at said bank; that on or about November 1, 1901, the defendant did forward to said bank his warranty deed of the said premises and patent for the tract of land, first mortgage against the said land, and the notes and coupons secured thereby, together with the release of said first mortgage, with directions to said bank to collect the said $550; that on the said xoth day of October, and also on the 1st day of November, there was of record in the office of the register of deeds in and for the county of Clark a certain second or commission mortgage, so called, for the sum of $71.25, which said mortgage appeared on the abstract of title of said premises unsatisfied of record; that on or about the 2d day of November, 1901, the aforesaid National Bank of Commerce notified the defendant by letter of that date that the plaintiff, Hobart, would take up the papers and pay the sum of $550 when title to said premises had been perfected by the defendant, and at other times the plaintiff notified the defendant that he'was ready to make payment of said $550 whenever the said aforesaid second mortgage had been satisfied of record; that on or about November 9th the plaintiff deposited with the National Bank of Commerce aforesaid the full amount due the defendant as the balance of the purchase price [250] of said premises, to be paid over to the defendant upon the release of said second or commission mortgage of record; that on or about the nth day of November, 1901, the National Bank of Commerce aforesaid returned to the said Frederiksen at his request all the title papers which had been deposited with the said bank by him; that, on or about the 2nd day of December, 1901, the said defendant procured a release of the aforesaid commission mortgage and notified, plaintiff of the same and demanded payment of the said sum of $550,. on or before December 4th, at defendant’s office, in Chicago, Ill., and not at the National Bank of Commerce, of the said sum of $550, to be paid by the said defendant as the balance of the said purchase price of said premises; that defendant failed and neglected to procure the release of the said second or commission mortgage of record at any time prior to the 2d day of December, 1901, and such mortgage appeared of record against the said premises in the office of the register of deeds in and for Clark county aforesaid and until the time when the same was filed and recorded; that the defendant has failed, neglected, and refused to comply with the terms of the aforesaid contract on his part in this, that he failed, neglected, and refused to release of record the said second or commission mortgage- and tender his deed of warranty of said premises at any time prior to the commencement of this action, and was in default at the commencement of this action; that on the 9th day of November, 1901, and at all times since that day, the plaintiff has been, and now is, ready, able, and willing to pay the defendant the said amount, of $550, the balance due as purchase price of the said premises, and that the plaintiff brought into court the said sum of money, and. the court concluded from these findings that the plaintiff is entitled to judgment against the defendant. Thereupon judgment was entered in favor of the plaintiff requiring the defendant to convey to him the said premises, and a motion for a new trial was made and denied.

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Hobart v. Frederiksen, 105 N.W. 168, 20 S.D. 248, 1905 S.D. LEXIS 130 (S.D. 1905).

105 N.W. 168 (Hobart v. Frederiksen) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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