Samuel and Leela Murphy v. Fairfield Financial Group, Inc. and J. Richard ("Rick") Renshaw

CourtCourt of Appeals of Texas
DecidedMay 31, 2000
Docket03-99-00562-CV
StatusPublished

This text of Samuel and Leela Murphy v. Fairfield Financial Group, Inc. and J. Richard ("Rick") Renshaw (Samuel and Leela Murphy v. Fairfield Financial Group, Inc. and J. Richard ("Rick") Renshaw) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Samuel and Leela Murphy v. Fairfield Financial Group, Inc. and J. Richard ("Rick") Renshaw, (Tex. Ct. App. 2000).

Opinion

TEXAS COURT OF APPEALS, THIRD DISTRICT, AT AUSTIN




NO. 03-99-00562-CV

Samuel and Leela Murphy, Appellants


v.



Fairfield Financial Group, Inc. and J. Richard ("Rick") Renshaw, Appellees



FROM THE DISTRICT COURT OF LLANO COUNTY, 33RD JUDICIAL DISTRICT

NO. 11,805, HONORABLE DONALD V. HAMMOND, JUDGE PRESIDING

Samuel and Leela Murphy (the "Murphys") appeal from a judgment recovered by Fairfield Financial Group ("Fairfield"). We will affirm the judgment.

THE CONTROVERSY

Fairfield held a promissory note assumed by the Murphys when they purchased their home. The Murphys failed to make the final payment on the note, due May 5, 1994, in the amount of $65,012.97. To execute a power of sale given him in a deed of trust securing the Murphys' debt, J. Richard ("Rick") Renshaw posted notice that he intended to sell the home to satisfy the deed-of-trust lien and vendor's lien securing the Murphys' debt. (1)

The Murphys initiated the present litigation by filing a petition in which they requested declaratory relief that the debt was barred by limitations. They applied for a temporary injunction pending final hearing and a permanent injunction restraining the sale of their home. After the trial court refused their application for temporary injunction, the Murphys appealed to this Court. We reversed the trial-court order and remanded the cause to the trial court with instructions to issue the temporary injunction. See Samuel Murphy & Leela Murphy v. Fairfield Fin. Group, Inc. & J. Richard ("Rick") Renshaw, No. 03-98-583-CV (Tex. App.--Austin June 19, 1999, no pet.) (not designated for publication).

Following a bench trial, the court below rendered judgment on the merits that the Murphys take nothing by their suit and that Fairfield recover judgment against them, jointly and severally, as follows:

1.  that Fairfield recover on its counterclaim judgment in the amount of $65,012.97 on the promissory note, together with attorney's fees and costs of court; and

2.  judgment foreclosing the vendor's lien and deed-of-trust lien securing the Murphys' debt, and ordering a sale of their home to satisfy the judgment. (2)

The Murphys appeal now from the judgment. It is undisputed that the final or "balloon" payment on the promissory note was due May 5, 1994, the Murphys failed to make the final payment, and Fairfield did not file its causes of action against the Murphys--one to enforce the promissory note and another to foreclose on the liens securing the note--until June 29, 1999, a date more than four years after the Murphys' default.

LIMITATIONS -- ACTION TO ENFORCE THE NOTE

The trial court concluded that Fairfield's action to enforce the promissory note was not time barred because the action was filed within the six-year limitations period prescribed by section 3.118 of the Texas Business and Commerce Code, (3) which provides as follows:



(a)  [A]n action to enforce the obligation of a party to pay a note payable at a definite time must be commenced within six years after the due date . . . stated in the note.



. . . .



(h)  This section does not apply to an action involving a real property lien covered by Section 16.035 or 16.036, Civil Practice and Remedies Code.



Tex. Bus. & Com. Code Ann. § 3.118 (West Supp. 2000).

In the Murphys' first assignment of error, they contend the trial court erred because Fairfield's action to enforce the note was governed not by the six-year limitations period of section 3.118, but rather by the four-year limitations period prescribed in section 16.035 of the Texas Civil Practice and Remedies Code. That statute provides as follows:



§ 16.035. Lien on Real Property



(a)  A person must bring suit for . . . the foreclosure of a real property lien not later than four years after the day the cause of action accrues.





(d)  On the expiration of the four-year limitations period, the real property lien and a power of sale to enforce the real property lien become void.



(e)  If a . . . note or obligation payable in installments is secured by a real property lien, the four-year limitations period does not begin to run until the maturity date of the last . . . installment.



(f)  The limitations period under this section is not affected by Section 3.118, Business & Commerce Code.



(g)  In this section, "real property lien" means:



(1)  a superior title retained by a vendor in a deed of conveyance or a purchase money note; or



(2)  a vendor's lien, a mortgage, a deed of trust, . . . securing a note or other written obligation.



Tex. Civ. Prac. & Rem. Code Ann. § 16.035 (West Supp. 2000).

Before turning to the arguments advanced by the Murphys in support of their contention, we should make two observations. The first is that the very texts of the two statutes refute the Murphys' contention. Section 3.118 of the Texas Business and Commerce Code applies by its terms to "an action to enforce the obligation of a party to pay a note payable at a definite time," while section 16.035 of the Texas Civil Practice and Remedies Code applies by its terms to a "suit for the . . . foreclosure of a real property lien." Second, the Murphys fail to suggest what possible meaning section 3.118 might have if, as they contend, it does not apply to "an action to enforce the obligation of a party to pay a note payable at a definite time." We turn then to the particulars of the Murphys' argument.

The Murphys reason that two common-law rules prohibited the trial court from "separating" the obligation of the note from the deed-of-trust and vendor's liens that secured the debt; consequently, Fairfield's suit to enforce the note could only be governed by section 16.035 of the Texas Civil Practice and Remedies Code, which prescribes a four-year limitations period for suits to foreclose liens on real property. (4)

The first common-law rule is that separate instruments executed at the same time, for the same purpose, and in the course of the same transaction, as in the present case, are to be considered as one instrument and construed together. See Jones v. Kelley, 614 S.W.2d 95, 98 (Tex. 1986); Veal v. Thomason, 159 S.W.2d 472, 475 (Tex. 1942). This rule of construction is well established, of course, but the authorities cited do not refer to it in a limitations context. The Murphys argue, nevertheless, that because the note and liens are inseparable, separate limitation statutes cannot govern actions to enforce the note, on the one hand, and actions to foreclose the liens on the other.



The second common-law rule relied upon by the Murphys is that a lien is merely an incident of and inseparable from the debt it secures--a familiar precept in many contexts. See University Sav. & Loan Ass'n v. Security Lumber Co., 423 S.W.2d 287

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Samuel and Leela Murphy v. Fairfield Financial Group, Inc. and J. Richard ("Rick") Renshaw, Counsel Stack Legal Research, https://law.counselstack.com/opinion/samuel-and-leela-murphy-v-fairfield-financial-grou-texapp-2000.