Mast v. Wells

81 N.W. 230, 110 Iowa 128
CourtSupreme Court of Iowa
DecidedDecember 16, 1899
StatusPublished
Cited by5 cases

This text of 81 N.W. 230 (Mast v. Wells) 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.

Bluebook
Mast v. Wells, 81 N.W. 230, 110 Iowa 128 (iowa 1899).

Opinion

Robinson, O. J.

[131]*1311 [132]*1322 [129]*129The petition alleges that in October, 1891, Chris. O. Shuler, ,wlio was then the owner of twenty--t-hree tracts of land in Emmet county, containing about one thousand six hundred and thirty-eight acres, conveyed by a -warranty deed three of the tracts to the plaintiff; that [130]*130at the time of the conveyance all of the tracts were subject to a mortgage thereon, executed to secure the payment of a promissory note for five thousand dollars, payable to George H. Wisner on the twenty-first day of September, 1894,. together with interest at the rate of seven per cent, per annum; that at the April term, 1894, of the district court of Hardin county, the defendant, then being the holder of' the note and mortgage, commenced an action to recover the-amount due on the note, and to foreclose the mortgage, and made the plaintiff and her husband parties to the action; that the plaintiff filed a pleading in that action asking that the-amount of the mortgage debt be equitably -apportiohed, and that the land conveyed to her be subjected only to such an amount of the debt as would be equitable, and the court, in pursuance of that plea, apportioned the debt, and decreed that the amount to be apportioned to the land of the plaintiff should be only four hundred and thirty-three dollars and twanty-six cents; and there was a decree of foreclosure and of apportionment, and for a special execution; that the plaintiff’ 'then proposed to the defendant that he refrain from selling-her land for the amount apportioned to it, and that she would raise the money required, and soon pay that amount, but the defendant stated that all of the land covered by the decree of foreclosure would have to be sold, but that after the sale they could and would settle and adjust the amount apportioned to the land of the plaintiff, so that she would not lose the land; that, relying upon that promise, the-plaintiff made no immediate effort to pay the sum apportion to her land, and on the fifteenth day of June, 1894, it was sold to the defendant, under an execution issued by virtue of the decree, for the sum of four hundred and fifty-one dollars and eiglity-three cents, and a sheriff’s certificate of sale was issued to him; that there was a large amount of dealing between the plaintiff, her husband, and the defendant, both before and after the sheriff’s sale, and the plaintiff, by her husband, paid to the defendant, before the period [131]*131of redemption from the sale had expired, large sums of money, to be applied in redeeming the land from the sale, and that a.t the expiration of one year from the date of sale there was in the hands of the defendant money, which he had no authority to appropriate to any other use, more than enough to redeem the land from the sale; that, notwithstanding what was thus done, the defendant retained the plaintiff’s money, and caused to be issued to himself a sheriff’s deed-for the land, which was at that time worth more than four thousand dollars; that upon a fair accounting it will be found that the plaintiff has paid the defendant sufficient to redeem her land frdnu the sale, but, if it, should be found that such is not the case, she is ready and willing to bring into court any amount which is lacking. The petition asks for an accounting, that the money paid for 'the plaintiff be applied in redemption of 'the land, and that the defendant be required to convey it to her. The answer states that in November, 1891, the plaintiff and her husband executed to Shuler a mortgage on the three tracts of land he had conveyed to her, and another forty-acre tract, to secure the payment of two promissory notes which amounted to one thousand four hundred dollars and interest; that in July, 1893, Shuler sold the notes and mortgage to the First National Bank of Grundy Center, which owned them at the expiration of six months after the sheriff’s sale referred to was made, and continued to own them until after the expiration of twelve months from the date of that sale; that after six months, and before the expiration of nine months, from- the date of the sale, the bank redeemed the land from the sale, and thus became the owner of the sheriff’s certificate of -sale; that after the expiration of one year from the date of sale the bank sold and transferred to the defendant the sheriff’s certificate, “and all right, title, and interest of the said First National Bank of Grundy Center in and to the real estate described in the certificate of sale;” and that by virtue of the transfer thus made the [132]*132defendant procured tbe sheriff’s deed to which the petition refers. The ninth paragraph of the answer states that at the expiration of one year from the date of the sheriff’s sale “there was due and owing to the said "First National Bank from the said Katherine Mast, and on said notes and mortgage hereinbefore referred to, the sum .of one thousand six hundred dollars, and that the real estate described in the petition as lots 1, 2, and .3 (constituting the real estate in controversy) was subject to the lien* of the mortgage securing such debt,” and that the lots were also at the same time subject to that portion of the debt secured by the mortgage to Wisner, which had been apportioned to them, and that the plaintiff could not have redeemed the lots from the sheriff’s sale without first paying the amount of the Wisner mortgage lien, to which the lots were adjudged to be subject, “and the further sum of $1,600, or thereabouts, then due and owing on. said mortgage executed bv Katherine Mast, and held by First National Bank of Grundy Center, ■Iowa, together with all'interest accruing on said claims, and costs of sale.” The tenth paragraph of the answer states that the defendant, by reason! of his purchase of the interest of the bank in the'land, and the certificate of sale thereof, is entitled to receive, before redemption from him can be made,the sum of four hundred and fifty-one dollars and eighty-three cents, secured by the Wisner mortgage, “and the further sum- of $1,600, secured by the mortgage heretofore held by the First National Bank, above referred to, together with all interest accruing thereon since defendant’s said purchase, and all costs of sale.” The eleventh paragraph of the answer is as follows: “That this defendant, George Wells, paid to the First, National Bank of Grundy Center1, Iowa, as the consideration for his purchase of said bank’s interest in said real estate and the sheriff’s certificate of sale thereof, the sum of $1,466.81.” The plaintiff filed a motion to strike from the answer the parts of the ninth and' tenth paragraphs which we have quoted, and the [133]*133eleventh paragraph, on the ground that they were immaterial and redundant. In support of the motion was filed an affidavit made by an attorney for the plaintiff, which alleged, in substance, that in May, 1897, the First National Bank of Grundy Center commenced against the plaintiff and her husband an action based on seven promissory notes, to the amount of nearly seven thousand dollars, among which were the two which amounted to’ one thousand four hundred dollars, made by the plaintiff to Shuler, as stated in the answer; that issue was joined in the action; and that thereafter a stipulation was entered into between the parties to that action by which “all matters of every kind, name, and nature between said bank and the said Masts, and all of them,” were fully settled and adjusted by the delivery to the bank of the promissory note of the plaintiff and her husband for the sum- of one thousand and fifty dollars.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Crum v. Emmett
191 Iowa 797 (Supreme Court of Iowa, 1921)
Northwestern Trading Co. v. Western Live Stock Insurance
180 Iowa 878 (Supreme Court of Iowa, 1917)
Stimson v. Stimson
152 N.W. 132 (North Dakota Supreme Court, 1915)
Barnes v. Century Savings Bank
128 N.W. 541 (Supreme Court of Iowa, 1910)
Stewart v. Brooks
62 Miss. 492 (Mississippi Supreme Court, 1885)

Cite This Page — Counsel Stack

Bluebook (online)
81 N.W. 230, 110 Iowa 128, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mast-v-wells-iowa-1899.