Rhoades v. Raymer

6 Ohio C.C. 68
CourtOhio Circuit Courts
DecidedJanuary 15, 1891
StatusPublished

This text of 6 Ohio C.C. 68 (Rhoades v. Raymer) is published on Counsel Stack Legal Research, covering Ohio Circuit Courts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Rhoades v. Raymer, 6 Ohio C.C. 68 (Ohio Super. Ct. 1891).

Opinion

Scribner, J.

This is an action brought under section 6351 of the Rev. Stat. by Edward H. Rhoades as assignee of James Raymer, Frank E. Seagrave and Orville B. Seagrave, late partners under the name Raymer, Seagrave & Company, to subject to sale certain interests in real estate conveyed to him for the benefit of creditors by said assignors, and to settle and adjust divers conflicting claims made in respect thereto.

All persons appearing to have any interest in the subject-matter of the controversy are made parties to the proceeding, and have asserted in the form of answers and cross-petitions, their several claims.

Two different parcels of real estate are set forth in the petition, numbered respectively, “one” and “two,” but the controversy submitted to us involves only the rights of the parties in the parcel designated as “ No. one.” This parcel is known in the pleadings and proceedings as the “ Guión tract.” The matters in contention among the parties as to their rights and interests in this tract, I will now, proceed to state and consider.

[70]*701. On the 15th of December, 1882, James Raymer, Frank E. Seagrave, Orville B. Seagrave and John Yeager became the purchasers, at a judicial sale, of the tract of land above mentioned, known as the “ Guión tract.” This sale was duly confirmed December 18th, 1882 ; a deed was made on the same day, and recorded December 20, 1882. By the sale and conveyance above mentioned, each of said purchasers became invested with the legal title to an undivided one-fourth interest in said tract.

It is shown by the testimony and is conceded, that the purchase price of $25,714.00 paid for said land was provided by means of a temporary loan made by said purchasers, which loan was afterwards satisfied from the moneys raised upon certain bonds and mortgages of the date and character hereinafter stated.

2. On the 8th day of March, 1883, the said James Raymer, John Yeager, Frank E. Seagrave and Orville B. Sea-grave (their respective wives joining therein) executed to the defendant, the Pawtucket Institution for Savings, of Pawtucket, Rhode Island, a mortgage to secure the payment of ten thousand dollars according to the tenor and effect of two coupon bonds, each for five thousand dollars, dated March 8th,, 1883, and payable at Pawtucket, Rhode Island, in five years from April 1, 1883, with interest at six per cent, per annum, payable semi-annually in advance. This mortgage was acknowledged March 9, 1883, and was delivered for record March 13, 1883.

The property covered by this mortgage is described therein as follows:

“ That part of the Leon Guión tract in the city of Toledo, Lucas county, Ohio, containing thirty (30) acres of upland, adjoining the north forty (40) acres of said tract, and bounded on the north and south by lines parallel with the north line of said Guión tract.”

3. On the 12th of March, 1883, the same parties grantors in the foregoing mortgage executed to the defendant Jennie W. [71]*71Lasalle a mortgage to secure the payment of a further sum of ten thousand dollars in five years from April 1,1883, with interest at the rate of six per centum per annum, payable semiannually. This mortgage was acknowledged March 13,1883, and delivered for record on the same day. The property covered by this mortgage is described as follows:

“ The north forty (40) acres of upland in the Leon Guión tract in and adjoining the city of Toledo, Lucas county, Ohio, formerly in Manhattan township, and bounded on the south by a line parallel with the north line of said tract.”

4. On the 13th day of March, 1883, the same mortgagors executed tc Jude Taylor a mortgage to secure the payment of the further sum of six thousand dollars, in five years from April 1, 1883, with interest at the rate of six per centum per annum, payable semi-annually. This mortgage was acknowledged March 14, 1883, and was received for record March 14, 1883. The property conveyed by said mortgage is described as follows:

The west ten (10) acres of that part of the Leon Guión tract, south of and adjoining the north seventy (70) acres, all in the city of Toledo, Lucas county, Ohio, located on Summit avenue and the west bank of the Maumee river.”

The making and negotiating of these mortgages appear to have constituted substantially one transaction. They are all in the same handwriting. They are dated the 8th, 12th and 13th of March, respectively; two of them were deposited for record on the 13th and one on the 14th of March. The several loans were negotiated by the same party or parties. Taken together, they provide about the sum required to meet the moneys advanced to pay the purchase price of the lands mortgaged, and the three mortgages were so adjusted -with reference to each other as to embrace in distinct parcels all the upland contained in the tract described therein.

It appears, however, from the testimony, that the Guión tract,” so-called, is bounded on the easterly side thereof by the Maumee river, a navigable stream, and that lying next [72]*72east of the upland of said tract, is valuable riparian property, consisting in part of marsh or wet lands, land covered by a shallow depth of water, and easterly of the northern portion of said upland, of several acres of low land, formed by acci’etions, the result of the action of the elements and the flow of the currents in that vicinity; and a controversy has arisen here as to whether or not this riparian property, including the accretions above mentioned, are included in |and covered by the .three mortgages above described. The plaintiff, as assignee of Raymer, Seagreave & Co., claims to the extent of the interest represented by him, that no part of this ripai’ian property is subject to the lien of the mox'tgages, but that it should go to the general ci-editors. It is also insisted in behalf of Yeager and his mortgagees, that as to an undivided one-fourth part of the riparian property, the same rule of construction should apply. And this is the important question in the case.

It may be here remarked that all the parties to, the transaction connected with the negotiation of the loans and the execution of the mortgages in question, were informed at the time of the situation and condition of the property mortgaged. It is only as relating to this aspect of the case that the testimony contained in the depositions offered by the three mortgagees and received subject to objection, was considered by us.

What, then, is the true construction of these instruments so far as relates to the lands described and included therein ?

In the treaty with the Indians, concluded at Maumee, February 18, 1823, there was reserved to Leon Guión and his children the ti’act in question, and it was therein described as containing eighty acres. In the United States survey it is marked as containing eighty acres.

On April 30, 1836, Paul Guión, a son of Leon Guión, then deceased, conveyed to Daniel Chase his one-fourth interest in said tract, describing it as the Guión farm,” and as bounded on the southeast by the Maumee river. In a supplemental [73]*73deed, dated May 2, 1836, in which the wife of the grantor joined, the tract is said to contain eighty acres. On April 3, 1845, Leon Guión conveyed to James L. Chase and Daniel V.

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6 Ohio C.C. 68, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rhoades-v-raymer-ohiocirct-1891.