Lakenan v. Robards

9 Mo. App. 179, 1880 Mo. App. LEXIS 112
CourtMissouri Court of Appeals
DecidedJune 8, 1880
StatusPublished

This text of 9 Mo. App. 179 (Lakenan v. Robards) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lakenan v. Robards, 9 Mo. App. 179, 1880 Mo. App. LEXIS 112 (Mo. Ct. App. 1880).

Opinion

Baicewell, J.,

delivered the opinion of the court.

This was a proceeding in equity against the widow and heirs at law of one Archibald S. Eobards, deceased, and the trustee of a deed of trust executed by Eobards in his lifetime, to secure a note to Grove, the original plaintiff. The general object of the proceeding was to set aside a satisfaction of the deed of trust alleged to have been fraudulently made by the trustee. The bill was dismissed, and on appeal this judgment was reversed. Grove v. Heirs of Robards, 36 Mo. 523. A change of venue was taken from the Hannibal Court of Common Pleas to the Circuit Court of St. Louis County. Meanwhile the plaintiff died, the widow died, the trustee died, the original administrator died, and when the cause came up for trial, on November 21, 1877, the action had abated as to the widow and trustee, and there was a default as to all the other defendants except Johu L. Eobards, one of the sons of Archibald S. Eobards, deceased, who had tiled an amended separate answer in November, 1870.

The original petition on which the case was tried was filed in September, 1864, and alleges, substantially, that Archibald S. Eobards, deceased, together with his wife, executed a deed of trust dated July 21, 1860, to Thompson as trustee, to secure a note of Eobards to Grove of same date, for $1,120, at six months, bearing interest after maturity at ten per cent. The property conveyed bv the .deed was lot 7 in block 47 in Hannibal, [181]*181Missouri, together with a house erected thereon. .That, Robards died on June 21, 1862, having paid on said note $200 and all interest to March 21, 1861; that at the request of plaintiff the holder of the note, and, according to the terms of the deed, Thompson, the trustee, advertised the property for sale under the deed, and plaintiff became the purchaser at the sale for $900, on .September 2, 1863, being the best bidder, and on the next day received a deed from the trustee, which was duly recorded ; that-notwithstanding the note described by said deed was not paid, Archibald S. Robards and John L. Robards fraudulently represented to Thompson, the trustee, that the same was paid, and thereby induced him to execute and place on record a deed of release of said deed of trust, dated April 30, 1861. The petition sets out that the defendants named are the administrators, the widow, and the heir.s at law of Archibald S. Robards, and that, the widow has commenced proceedings to have dower assigned to her in the realty in. question. The prayer is that the widow be restrained from proceeding further in the action for dower, and that the fraudulent release be set aside.

The widow and trustee filed separate answers, verified by affidavit, as the practice then was, in which they say that at the time the trustee executed the deed of release the note described in the deed of trust in question was in fact paid by a note made by Robards to the order of Grove, for $1,250, dated March, 1861, at one hundred and eighty days, and secured by deed of trust executed by Robards to H. H. Wardlaw, trustee of Grove, and accepted by Grove in payment of the first note, and that the trustee satisfied the first deed of trust at the-request of Grove.

The amended separate answer of John- L. Robards, filed in 1870, sets up that the note described above, in the answer of the other defendants, was secured upon the buildings and improvements described in the deed of trust mentioned in plaintiff’s petition, and also on part of lot 1 in block 10 in [182]*182the city of Hannibal, and that this second deed of trust authorized Grove to collect the reut of these improvements and apply them to the payment of the' note ; that this second note was received by Grove in payment of the' first, and that, upon receiving it, Grove instructed Thompson to satisfy the first deed of trust, which was accordingly done; that Grove then fraudulently refused to surrender the former note, and kept both notes; that the credits indorsed on the old note were paid on the new note, and should have been so applied ; that the difference in amount between the two notes arose from an exorbitant charge for interest; that Grove fraudulently persuaded Thompson to sell under the first deed, when the same had already been released; that Grove fraudulently persuaded Wardlaw, the trustee of the second deed, to sell under that deed also, and that Grove became the purchaser at the trustee’s sale under the second deed, on October 12, 1863, for $425 ; that Grove collected the rents accruing on the property described iu the second deed, from August 1, 1861, to September, 1867, and that the present plaintiff, his executor, has since collected said rents, and that these rents are more than sufficient to pay the amount due on the note; that the property in the first deed was worth $1,800 at the date of the sale, and the property in the second deed was worth, at the date of the sale, $1,500.

Defendant also alleges that Archibald S. Robards died insolvent, and that, at the time of his death, judgments obtained against him iu the Hannibal Court of Common Pleas remained unsatisfied. These judgments are set out; they are eight ‘in number, obtained in 1860 and 1861, and aggregate nearly $7,000. It is alleged that these judgments were' all proved against Robards’ estate in the Probate Court of Hannibal, and were in 1867 assigned to defendant for value; that they are unpaid, and he owns them; that the sale to Grove was fraudulent, and that the deed of release of Thompson was a cloud on title that [183]*183prevented others from bidding, and enabled Grove to buy the property for less than half its value. Defendant claims that as a judgment creditor he is entitled to redeem, and that ever since he has become such creditor he has beeu ready and willing to pay the new note and all interest, and has offered to do so to Grove .in his lifetime, and to his executor, the present plaintiff, since Grove’s death. The prayer is that the first deed of trust be declared satisfied and the first note surrendered; that an account be taken of rents received by Grove and his executor, and that defendant be permitted to redeem.

All the new matter in these answers was denied by implications.

On hearing, the bill was taken as confessed as to all the defendants except John L. Robards, and, the suit having abated as to the widow and Thompson, the trustee, the court found that the release by Thompson was made without the knowledge or consent of Grove; that no part of the debt secured by the deed of trust mentioned in the deed of release was ever paid to Thompson; that the debt was not paid at the date of foreclosure, and that no right to redeem was vested in John L. Robards. The deed of release of Thompson was annulled, and there was a judgment for plaintiff for costs.

So far as the entry of satisfaction by Thompson goes, it was unquestionably void. It is not even pretended that he had received payment of the note described in the deed of which he is trustee, and the evidence shows that, whether the second note was or was uot taken in satisfaction of the first note, the trustee was never requested by the cestui que trust to execute a deed of release.

Nor does it appear what equity John L. Robards has to have the foreclosure of the first and second deeds of trust set aside. The estate of his father was confessedly insolvent. The only persons interested in that estate seem to have been the creditors, if we except the widow, who is out [184]*184of the question now. The administrator of Archibald S.

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Cite This Page — Counsel Stack

Bluebook (online)
9 Mo. App. 179, 1880 Mo. App. LEXIS 112, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lakenan-v-robards-moctapp-1880.