Neely v. Boyce

27 N.E. 169, 128 Ind. 1, 1891 Ind. LEXIS 263
CourtIndiana Supreme Court
DecidedApril 4, 1891
DocketNo. 14,772
StatusPublished

This text of 27 N.E. 169 (Neely v. Boyce) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Neely v. Boyce, 27 N.E. 169, 128 Ind. 1, 1891 Ind. LEXIS 263 (Ind. 1891).

Opinion

Olds, C. J.

The appellee James Boyce brought this suit by filing his complaint in the court below against Charles F. W. Neely, Sarah E. Neely, his wife, and Mary A. Neely, in which it is alleged"that on the 7th day of November, 1885, Charles F. "W. Neely, by his promissory note, promised to pay to the order of N. F. Ethel, one year after date, the sum of $1,500, with 8 per cent, interest and 5 per cent, attorney’s fees; that on said date, by his certain other note, he promised to pay to said Ethel, two years after date, the sum of $2,000, with 8 per cent, interest, and 5 per cent., thereon for attorney’s fees, and that each of said notes was endorsed by the plaintiff, James Boyce, under and by the name and style of James Boyce & Co.; that on said same date said defendant Charles F. W. Neely, by his certain other note, promised to pay the plaintiff, Boyce, in four years after date, the sum of $2,500, with five per cent, thereon for attorney’s fees, and eight per cent, interest thereon, payable annually from date; that each of said notes was made payable at the Citizens’ National Bank of Muncie, Indiana — copies of each are filed with and made a part of the complaint, marked, respectively, exhibits A, B, and C; that at the time of the execution of the notes said defendant Charles F. W. Neely executed a mortgage to the plaintiff, Boyce, to secure the payment of said note, for $2,500, when the same should become due, and to indemnify him and secure him against any and all loss he might sustain by reason of having become indorser for said defendant Charles F. W. Neely on said two notes payable to the order of said Ethel — a copy of the mort[3]*3gage is filed with and made a part of the complaint, marked “ Exhibit D;” that said Charles F. W. Neely, by the terms of said mortgage, conveyed to the plaintiff, for the purpose thereof, the undivided seven-tenths of the real estate therein described, and the whole of the personal property in said mortgage described ; that said mortgage was duly recorded in the recorder’s office of Delaware county, Indiana, on the 7th day of November, 1885; that said note for $1,500 became due on the 10th day of November, 1886; that said defendant paid thereon the sum of $620, and plaintiff, as indorser .thereon, was compelled to pay and did pay thereon, the sum of $1,000, the balance due on said note at said date, and the defendant has not repaid to him any part of said amount, except the sum of $200, which sum he paid plaintiff on the 11th day of March, 1887; that there is now due the plaintiff thereon the sum of $800, together with accrued interest ; that after the execution of said note for $2,000 to said Ethel, he, said Ethel, indorsed said note to plaintiff, a copy of which endorsement is filed with and made a part of the complaint, as shown by “ Exhibit B; ” that the plaintiff now holds and is the owner of said note; that the same is now due and wholly unpaid ; that plaintiff paid for said note the sum of $2,000 on the 2d day of April, 1886; that there is now due the plaintiff interest on the $2,500 note the sum of $200, which is wholly unpaid and no part of said note has been paid; that at the time of the execution of said notes and mortgage said defendant Charles F. W. Neely was unmarried; that he has since intermarried' with his co-defendant Sarah E. Neely, who is now his wife, and is made a party hereto to answer as to any interest she may have or claim to have in said property, or any part thereof; that after the execution of the mortgage, and the marriage of said defendant Charles F. W. Neely, he executed a deed, in which his said wife joined, conveying the real estate described in said mortgage to their co-defendant Mary A. Neely; that said conveyance was made subject to said [4]*4mortgage lien, and said Mary A. Neely accepted said, deed with the stipulation therein that she assumed the payment of said mortgage, and she is made a party hereto to answer as to any interest she may have in said real estate by virtue of said deed; that said real estate can not be sold in parcels without injury to the interests of the parties interested therein; that the personal property described in said mortgage is worth less than the amount of the indebtedness now due, and will not sell for enough on execution to pay said indebtedness now due and secured by said mortgage. Prayer for judgment for $1,500 and the foreclosure of said mortgage, etc.

On their own application and motion, Laura C. Friend, Lenora J. Bergenthal, Sarah F. Russey, Cary O. Neely, Emma Neely, Cyrus G. Neely and Kate Neely were made parties defendant, and permitted to defend the suit.

The defendants Charles F. ~W. Neely and wife did not appear, and were defaulted.

Cyrus G. Neely and Sarah F. Russey each lile a separate answer.

The first paragraph of the answer of Sarah F. Russey is a general denial. The second paragraph is an answer to so much of the complaint as seeks a foreclosure of the mortgage against the one undivided tenth part of said real estate, and she alleges that on the — day of January, 1868, one Moses L. Neely died at the county of Delaware, the owner in fee and in full possession of the real estate described in the complaint, leaving Mary A. Neely, his widow, and ten children him surviving, of whom said Sarah F. Russey is one, his only children and heirs at law; that said Moses L. Neely, at his death, left his last will and testament, duly executed, signed, sealed, published, and declared by him to be such, and attested on the 7th day of January, 1868, Which will and testament was duly proved and admitted to probate on the 18th day of January, 1868, and recorded, etc., which will and probate thereof remain in full force [5]*5and validity; that by said last will said testator disposed of his said real estate as follows:

“I give, bequeath and devise to my wife, Mary Ann Neely, as follows [describing the same]. For and during the time of her natural life, I give to her all my real estate, and I devise and direct that she shall conduct the farm operations upon my farm in the same manner as I should do Avere I still living, with that view, keeping our children together at home so long as they may be under the age of twenty-one years, and may desire to remain : that I give to her all the interest upon my money, and all other annual profits of my estate, for her maintenance and the support of our family so long as she shall live.” And he appointed his wife, Mary A. Neely, and his son, Cyrus G. Neely, joint executor and executrix of his said last will.

It was further provided by the will that “ at the death of his wife all his estate, real and personal, remaining, shall be divided between their children, share and share alike,” the child, or children, of such as may be deceased at that time to take the respective shares of their parents. It was also provided that., in order to pay debts, expenses of administration, or for the payment of any sum provided by the will, it should not be necessary for the executors, or either of them, to procure an order of sale of property from any court, or authority whatever, but they are fully authorized, in any manner, and at any time that they may deem fit, and on such terms as they may prescribe, to make sale of any of the real estate, or personal property, for such purpose; but the home farm shall not, nor shall any part of it, be sold, except in case of the most absolute necessity.

The will further provided that the executors, and the survivors of them should remain such in order to hold the surplus of the personal estate until the decease of his widow.

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7 L.R.A. 231 (Indiana Supreme Court, 1889)
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Cite This Page — Counsel Stack

Bluebook (online)
27 N.E. 169, 128 Ind. 1, 1891 Ind. LEXIS 263, Counsel Stack Legal Research, https://law.counselstack.com/opinion/neely-v-boyce-ind-1891.