Stokely v. Cooper

116 So. 538, 150 Miss. 143, 65 A.L.R. 1137, 1928 Miss. LEXIS 123
CourtMississippi Supreme Court
DecidedApril 9, 1928
DocketNo. 26920.
StatusPublished
Cited by3 cases

This text of 116 So. 538 (Stokely v. Cooper) is published on Counsel Stack Legal Research, covering Mississippi Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stokely v. Cooper, 116 So. 538, 150 Miss. 143, 65 A.L.R. 1137, 1928 Miss. LEXIS 123 (Mich. 1928).

Opinion

*151 Cook, J.

This suit was instituted in the chancery court of the First judicial district of Hinds county by Mrs. Ella Rawles Reader Stokely, formerly Mrs. Ella Rawles Reader, seeking to enjoin Tim E. Cooper, Niles M'oseley, *152 and A. Y. Harper, substituted trustee, from foreclosing a certain deed of trust executed by tbe complainant in favor of the defendant Cooper. A temporary injunction was issued, and at tbe final bearing this injunction was dissolved, damages awarded, and tbe bill of complaint dismissed, and from this decree, this appeal was prosecuted.

The facts shown by the pleadings and proof are substantially as follows:

The land involved in this suit is a two hundred six and seven-tenths acre tract, lying just north of the city of Jackson. In November, 1916, Mrs. R. M. Griffin sold and conveyed this land, with other lands, to Eoyal Trawick, and Trawick executed a deed of trust on said land to secure twenty purchase-money notes due and payable annually, the first three being for one thousand and fifty dollars each, and the remaining seventeen being for one thousand dollars each, all bearing interest at the rate of six per cent, per annum from maturity. Thereafter, by mesne conveyances, George C. Swearingen and T. E. Cooper became the owners of this land, and assumed the payment of the indebtedness due Mrs. Griffin, and, on January 9, 1923, by written agreement, the lands were partitioned between the said Swearingen and Cooper, Cooper becoming the sole owner of the lands involved in this controversy. Under this agreement, Swearingen assumed the payment of the entire balance of the purchase money then due Mrs. Griffin, and a vendor’s lien was reserved on the land conveyed by Cooper to Swear-ingen to secure the payment of the balance of the Griffin indebtedness.

Thereafter Swearingen sold to Mrs. Gully a portion of the land that had been conveyed to him, and she likewise assumed the payment of the indebtedness to Mrs. Griffin. On the 4th day of November, 1924, the defendant, Tim' E. Cooper, for a consideration of fourteen thousand dollars of which one thousand four hundred dollars was *153 paid iii cash, conveyed the land involved in this suit to the complainant. For the balance of the purchase money, the complainant executed nine promissory notes of one thousand four hundred dollars each, payable annually for nine successive years, and to secure the payment of these notes she executed, in Cooper’s favor, a deed of trust on the land. The deed from Cooper to the complainant was a general warranty deed, and the complainant immediately went into possession of the land. Cooper has paid or caused to he paid at maturity all of the Griffin notes that have become due, leaving’ ten of said twenty notes still unpaid, none of which are yet due.

At the time of her purchase of the property, the complainant was fully advised as to the outstanding incum-brance in favor of Mrs. Griffin, and she offered testimony tending to show that, before the conclusion of the sale and her acceptance of the general warranty deed, Cooper verbally promised to secure a release of the property sold to her from the deed of trust in favor of Mrs. Griffin. This release has not been secured, and there is testimony tending to show that Mrs. Griffin refused to accept payment of-the balance of the notes before their maturity, and refused to release any part of the property. After the first one of the notes executed by the complainant to the said Cooper had become due and was unpaid, Cooper assigned all the series of notes to the defendant Niles Moseley, and, after two of the notes were past due and unpaid, in pursuance of the authority conferred by the terms and provisions of the deed of trust securing the payment of such notes, the said Niles Moseley, assignee of the notes and deed of trust, declared the entire indebtedness due and payable, and appointed a substituted trustee in the deed of trust, who advertised the property conveyed thereby for sale to satisfy the indebtedness.. ’

Upon the advertisement of the property under this deed of trust, the complainant filed her bill in the chan- *154 eery court against Tim E. Cooper, -Niles Moseley, and the substituted trustee, seeking- to restrain tliem from collecting said notes, foreclosing said deed of trust, or assigning said notes and deed of trust, until the incum-brance thereon in favor of the said Mrs. R. M. Griffin was satisfied and discharged; and also prayed that the defendant, Cooper, be required within a reasonable time to specifically perform his obligation and undertaking to remove said incumbrance, and that a receiver be appointed to taire charge of and hold the purchase money due by her for said property until said incumbrance is discharged and removed.

The bill of complaint set forth the facts as to the purchase of the 'land by her, as above stated, and averred that before she accepted the deed, Cooper agreed to have the property released from the Griffin deed of trust, and represented to complainant that he had arranged for such release; that relying upon this representation she accepted the deed, made the cash payment, and executed and delivered the notes and deed of trust securing the same. It was further averred that the complainant desired to retain the property, and is able, ready, and willing to pay the notes at such time as the said Cooper shall clear the title to the property by securing a release from the deed of trust in favor of Mrs. Griffin; that she had theretofore offered to pay the past-due notes and interest whenever the said Cooper cleared the title to said property by securing the said release; and that if the said property was sold, as advertised, she would be irreparably damaged by reason of the facts that she would lose the cash payment made by her, the taxes for the year 1925, and the profit which had accrued to her on account of the enhanced value of the property.

By an amendment to the bill of complaint, among other things, it was averred that “the covenant of freedom from incumbrances contained in the warranty deed from Cooper to the complainant was a personal covenant, and *155 was breached immediately upon the execution and delivery of said deed; and that complainant’s right of action against the said Cooper for and on account of said covenant would be barred in six years from the date of said deed, and before all of the Griffin notes had mai-tnred; and that if default should be made in the payment thereof after the lapse of six years from the date of said deed, and the complainant should be forced to pay the remaining notes or should be disturbed in or ousted of her possession and title by reason of her failure to pay the same, she would have no right of action or recourse on the said Tim E. Cooper, by reason of the covenant contained in the deed, and would thereby sustain irreparable injury and damage, and in order to protect her title she would be forced to pay a sum of money in excess of that contracted to be paid, with no chance of reimbursement.

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Bluebook (online)
116 So. 538, 150 Miss. 143, 65 A.L.R. 1137, 1928 Miss. LEXIS 123, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stokely-v-cooper-miss-1928.