Jordan v. Sayre

24 Fla. 1
CourtSupreme Court of Florida
DecidedJanuary 15, 1888
StatusPublished
Cited by34 cases

This text of 24 Fla. 1 (Jordan v. Sayre) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jordan v. Sayre, 24 Fla. 1 (Fla. 1888).

Opinion

Mr. Justice Raney

delivered the opinion of the court:

There are thirteen grounds of objection to the bill of complaint set up in the appellant’s demurrer. We shall confine our observations to the points made and the argument advanced in his solicitor’s brief, and treat any ground of demurrer not covered by them as abandoned. Southern Express Company vs. Van Meter, 17 Fla., 783. It is contended in the first place that the complainants’ right of action is barred, and this contention is based upon the idea that in this State the same period of time that bars an action of ejectment is a bar to a suit to foreclose a mortgage.

[6]*6In Browne vs. Browne, et als., 17 Fla., 607, decided A, D. 1880, it was held that a suit in equity to sell land mortgaged and apply the proceeds to the payment of a promissory note secured by the mortgage is an action upon a contract founded upon an instrument of writing under seal, within the meaning of section 10 of our limitation act of 1872, and that such suit could be maintained in equity though an action at law upon the note was barred by the-provision of the statute fixing the time within which such an action on the note might be brought. The statute of limitations covers not only legal, but also equitable remedies-The bar of a civil action on a sealed instrument is twenty years, and of one on a promissory note five years. Between nine and ten years had elapsed between the maturity of the note and the filing of.the bill by the payee of the note against the surviving mortgagors and heir and representative of a deceased mortgagor.

It is unnecessary to review the authorities discussed in the opinion and which support its conclusion, but we mm' remark of Lord vs. Morris, 18 Cal., 482, where it is held that the same period of limitation bars both an action on the note and one on the mortgage, that there is nothing in it inconsistent with the view that, had the statute of California prescribed a different (instead of the same) limitation to an action on a sealed instrument from that prescribed for an action on a written instrument not under seal, the decision of the court would have been to the effect that the limitation as to the sealed instrument controlled a suit to foreclose a mortgage. The view of the court was that the limitation of actions for recovery of real estate founded upon the title could not be adopted by analogy for the reason that a mortgage of itself gave, under the system in that State, no right of possession, either real or technical, and that the limitation pirescribed for “ a contract, obliga[7]*7tion or liability founded upon an instrument in writing, applied to a mortgage, because the statute makes no distinction in the period of limitation between a simple contract and a contract under seal,” and the mortgage was “ as much within the general designation of ‘ a contract obligation or liability founded upon an instrument of writing' as * * * the note itself.” Though there are expressions in the opinion which, when considered alone, .might be taken to indicate that the suit on the mortgage was barred for the reason that an action on the note was, (a doctrine which, however plausible it may seem, has not met -with very much favor,) yet such is not the real doctrine of the opinion. In Low vs. Allen, 26 Cal., 141, 145, it is remarked: “The mortgage contract of Tharp and Ramsdell is distinct from the note it was given to secure, and is manifestly one of the written contracts on which the Statute provides that no action shall be brought except within five years after the cause of action has accrued.”

The conclusion reached in Browne vs. Browne is sustained by the decisions of the courts of those States where the character of the statutes as to the limitation of remedies and as to mortgages is similar to those obtaining here.

We understand counsel for appellant not to dissent from the result reached in Browne vs. Browne, if it is considered in connection with the facts of that ease, it being a foreclosure suit with parties, as explained above, and there being in the mortgage, according to inference of counsel,, though we do not so understand from the report of the case, a distinct covenant to pay the debt, and bringing the case within the twenty-year provision for instruments of" writing under seal. As there is in the mortgage before us, as is substantially alleged in the bill of complaint, a covenant by the parties of the first part, “ for' themselves, their [8]*8heirs, executors and administrators * * to pay unto the said party of the second part, his heirs, executors or assigns the said sum' of money, principal and interest and all costs, charges and expenses, including attorneys’ fees which the party of the second part may incur or be put to in collecting the same by foreclosure,” we might, if there had been, as in Browne vs. Browne, no transfer of the mortgage of the land, dispose of the case upon the theory of the effect of such covenant.

In jurisdictions where the statute of limitations has applied only to legal remedies, equity has adopted in suits of foreclosure of mortgages the limitation prescribed for actions of ejectment or other actions founded upon title for the recovery of real estate instead of the limitation controlling a personal action against the mortgagor or debtor for the mere debt. Originally at common law a mortgage conveyed the legal estate to the mortgagee, and upon the mortgagor’s default in paying the debt at the time specified for such payment, the estate became vested absolutely in the mortgagee. Equity regarding the mortgage as security for a debt rather than a sale of the land, came to the relief of the mortgagor and permitted him to redeem by paying the debt, and as equity gave this relief, the right to it was called the equity of redemption. It also gave the mortgagee a remedy by foreclosure, through which a limit to the right of redemption might be fixed by decree, and if the redemption was not made as decreed, the mortgagor’s equity was extinguished and the estate was absolute in the mortgagee. This was called a strict foreclosure. This kind of foreclosure fell into disuse and the practice of decreeing a sale of the mortgaged property at public outcry to the highest bidder has long obtained. Goodenow vs. Ewer, 16 Cal., 461. In dealing with the question of limitation to the remedy of foreclosure and sale, equity re[9]*9garded the instrument as conveying, technically at least, the legal title, and the remedy of foreclosure as one upon such title and to divest the mortgagor of possession of the premises, and on this principle applied by analogy the limitation controlling the legal remedies for the recovery of possession. Wilkins et al. vs. Flowers, 37 Miss., 579; Nevitt vs. Bacon, 32 Miss., 212.

In Florida a mortgage is not only in equity merely a lien, but under our statute it is nothing more than this at law. Berlack vs. Halle, 22 Fla., 236. It is not a conveyance of the legal title or estate, but only a lien upon it. It gives the mortgagee no right of possession. The theory of any such right, either actual or technical, existing in the mortgagee by virtue of the mortgage, is entirely antagonistic to both the spirit and letter of our statute. No decree giving the mortgagee, as such, possession, can be rendered in favor of the mortgagee simply upon the mortgage and the debt it secures. It is only as purchaser under a decree of foreclosure and sale, and not as mere mortgagee, that the assistance of the court can be obtained for giving him possession.

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Bluebook (online)
24 Fla. 1, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jordan-v-sayre-fla-1888.