Stockman's Bank v. Lytle

220 N.W. 857, 53 S.D. 424, 1928 S.D. LEXIS 102
CourtSouth Dakota Supreme Court
DecidedAugust 18, 1928
DocketFile No. 6218
StatusPublished
Cited by1 cases

This text of 220 N.W. 857 (Stockman's Bank v. Lytle) is published on Counsel Stack Legal Research, covering South Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stockman's Bank v. Lytle, 220 N.W. 857, 53 S.D. 424, 1928 S.D. LEXIS 102 (S.D. 1928).

Opinion

BROWN, J.

A real estate mortgage securing a note having ‘been declared due by the mortgagee by virtue of an acceleration clause, the mortgage was foreclosed by advertisement, and judgment by default ‘was taken by 'plaintiffs for a deficiency on the note. Defendants appeal alleging as error that the note, by its terms, was not due when the action was commenced or when the judgment was taken, and that the acceleration clause in the mortgage did not affect the maturity of the note for the purpose of a personal judgment. They cite Birken v. Hickey, 42 S. D. 472, 176 N. W. 137, in support of their contention that the judgment should be reversed for that reason.

In Birken v. Hickey the premature commencement of the action was specially pleaded. In the present case the defendants made no appearance, and the objection of prematurity is first raised on this appeal.

“An abjection to the premature commencement of an action must be made in the court below, and cannot be urged' for the first time on appeal.” 1 C. J. 1152.

[425]*425The judgment appealed from is affirmed.

BURCH, P. J, and FO'LUEY and SHERWOOD, JJ., concur. CAMPBELL, J., not participating.

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

Related

Coffey v. Bosler
266 N.W. 424 (South Dakota Supreme Court, 1936)

Cite This Page — Counsel Stack

Bluebook (online)
220 N.W. 857, 53 S.D. 424, 1928 S.D. LEXIS 102, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stockmans-bank-v-lytle-sd-1928.