Stockman's Bank v. Lytle
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.
Opinion
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Cite This Page — Counsel Stack
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.