Vanderslice v. Knapp
This text of 20 Kan. 647 (Vanderslice v. Knapp) is published on Counsel Stack Legal Research, covering Supreme Court of Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The opinion of the court was delivered by
1. Removal of fixtures by mortgagor of land; title after severance. 2. Rights of mortgagor of real property; remedy mortgagee. The judgment of the court below must be affirmed. Rigby was the owner of said land and mill-fixtures, both before and after~said mortgage became due, (if it has become due, but it has not been shown or stated whether or not it has become due,) until he sold the fixtures to the defendants, when the fixtures probably became the property of the defendants. But [649]*649at no time did the land, or the mill, or the fixtures, become the property of the mortgagee, or any person holding or claiming under the mortgagee. (Chick v. Willetts, 2 Kas. 385, 391.) While Rigby was the owner of the property he could lawfully sever the fixtures from the mill, and sell them to the defendants, or to any other person, without their becoming the property of the mortgagee, or any person claiming, under the mortgagee. (Clark v. Reyburn, 1 Kas. 281; Cooper v. Davis, 15 Conn. 556.) A mortgagee is a mere lien-holder; and, whether he shall ever own any part of the mortgaged property, or not, depends upon whether the mortgage shall ever be foreclosed in the district court, and whether he shall be the successful bidder at the sheriff’s sale of the property. Any other person has just the sume right to bid on the property and to purchase it, that he has. A mortgagor of real estate has the right to possession of the mort- . gaged property, and the right to sever and re- ° _ A J ° move the timber, wood, sand, earth, coal, stone, or anything else, therefrom, and to sell the same, unless it unreasonably impairs the mortgage security; and when it impairs the mortgage security the remedy of the mortgagee is not at law, but in equity; not in replevin to recover the property severed from the realty, but generally injunction to restrain the commission of waste upon the realty. The facts of this case however would not sustain any action, either at law or in equity; for it does not appear from the petition that the mortgage security has been unreasonably impaired. The mortgage-debt appears to be $5,000, and interest; but the mortgaged property, without said fixtures, may be worth ten or twenty times that amount.
The judgment of the court below will be affirmed.
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