Weaver v. Stinson

31 P.2d 510, 177 Wash. 140, 1934 Wash. LEXIS 551
Washington Supreme Court·Decided April 4, 1934·No. No. 24870. Department Two.·Published·Cited by 6 cases

Opinion

*141 Beals, C. J. —

During the month of December, 1928, plaintiff and her late husband, Lewis M. Weaver, were the owners of a tract of land in Chelan county, Washington, and defendants Stinson were the owners of a lot and the dwelling situated thereon in the city of Spokane,, which property was then subject to a mortgage in favor of Citizens Savings and Loan Society of Spokane. This mortgage had been executed March 10, 1925, in the sum of fourteen hundred dollars, payable, principal and interest, in monthly installments of eighteen dollars. It seems to be agreed that, in December, 1928, there was due on this mortgage a balance in the sum of $1,127.29. The mortgage provided that the monthly payments of eighteen dollars should be applied first upon interest due, then upon the principal of the loan.

December 8, 1928, the parties agreed to exchange properties. At this time, some of the monthly installments on the mortgage were past due, and by the terms of the agreement between the parties, defendants were to pay the balance of the mortgage on the Spokane home “as per terms of the mortgage.” A deed to the Chelan county tract from Mr. and Mrs. Weaver to defendant S. J. Stinson was placed in escrow with the mortgagee of the Spokane county property, under escrow instructions to

“Deliver enclosed papers to S. J. Stinson upon final payment to you of the sum of $1127.29 in the amounts and at the times stated, as follows; as per terms of mortgage N. 1450.
“Interest at 8 per cent; payable monthly. In the event of failure to pay any sum or sums within periods stated for such payment, you are hereby authorized to at once return all papers to Lewis M. Weaver upon demand, and all sums already paid shall be forfeited to the grantor as liquidated damages.”

*142 Pursuant to this agreement, Mr. and Mrs. Weaver entered into possession of the Spokane property, and defendants of the Chelan county property. During the year 1930, Mr. Weaver died, and his widow, plaintiff herein, succeeded to the rights of the community. Thereafter, defendants failed to make all of the payments due upon their mortgage against the Spokane property, and plaintiff demanded a rescission of the exchange agreement and offered to reconvey to defendants the Spokane lot.

During the month of December, 1932, plaintiff instituted this action, alleging the transactions between the parties; that defendants had failed to make payments on the mortgage which they had agreed to make, and had refused to redeliver to her possession of the Chelan county property; that she was willing to reconvey to defendants the Spokane lot; and asking that her title to the Chelan county lands be quieted as against defendants.

The issues were made up, and the action proceeded to trial before the court, resulting in the entry of a decree in plaintiff’s favor, the decree reciting in part as follows:

“ (1) That the plaintiff is the owner in fee simple of the following described lands and premises located in Spokane county, state of Washington, to wit: . . .
“That said premises are subject to certain unpaid taxes which have accrued following the tax year 1928. The amount of said taxes is to the court unknown. That said premises are also subject to a real estate mortgage now held by Citizens Savings and Loan Society of Spokane, Washington. That the'amount remaining unpaid on said real estate mortgage at the time of the trial of the above entitled action on to wit the 27th day of April, 1933, was the sum of $667.07 (six hundred and sixty-seven and 07/100 dollars).
“*(2) That the plaintiff is the owner in fee simple *143 of the following described real estate located in the county of Chelan, state of Washington, to wit: . . .
“ (4) That as to the Chelan county lands above described in paragraph II, with the exception of that portion thereof described in paragraph III hereof, that the plaintiff should be and she is hereby required, within a period of ten days from and after the date of the signing and filing of this decree, to make, execute, acknowledge and deliver in escrow, as hereinafter provided, a warranty deed to said lands, . . . That the same shall, together with the abstract of title to said lands (which was deposited in escrow with the Citizens Savings and Loan Society of Spokane on December 8, 1928) be deposited in the office of the clerk of the above entitled court and said clerk shall take possession of said abstract and said deed and shall thereafter hold the same in escrow for the plaintiff and defendants, to be disposed of by him according to the directions of this decree hereinafter specified as follows, to wit:

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

Weaver v. Stinson, 31 P.2d 510, 177 Wash. 140, 1934 Wash. LEXIS 551 (Wash. 1934).

31 P.2d 510 (Weaver v. Stinson) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Hall v. Stolte
601 P.2d 967 (Court of Appeals of Washington, 1979)
National Back of Commerce v. Preston
365 P.2d 595 (Washington Supreme Court, 1961)
In Re Preston's Estate
365 P.2d 595 (Washington Supreme Court, 1961)
Warner v. Hearst Publications, Inc.
148 P.2d 315 (Washington Supreme Court, 1944)
Du Pont Cellophane Co. v. Kinney
36 P.2d 1061 (Washington Supreme Court, 1934)