Wolters v. Farmers' Life Ins.

255 S.W. 666, 1923 Tex. App. LEXIS 869
CourtCourt of Appeals of Texas
DecidedJune 22, 1923
DocketNo. 8371. [fn*]
StatusPublished
Cited by3 cases

This text of 255 S.W. 666 (Wolters v. Farmers' Life Ins.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wolters v. Farmers' Life Ins., 255 S.W. 666, 1923 Tex. App. LEXIS 869 (Tex. Ct. App. 1923).

Opinion

' PLEASANTS, O. J.

This suit was brought by the Farmers’ Life Insurance Company against J. F. Wolters and Mrs. Alma Lane, independent executor and executrix of the will of Jonathan Lane, deceased, and against other parties, whose interest in and'relation to the cause of action will be hereinafter stated.

.The purpose of the suit was to recover the title and possession of a tract of 302 acres of,land described in the petition, and, in the alternative, to recover upon a note for $10,000 executed by Jonathan Lane, and to foreclose a deed of trust lien upon the land given to secure the payment of the note.

For the purposes of this opinion the fol *667 lowing is a sufficient statement of tlie issues presented by the pleadings:

•The plaintiff, after alleging the execution and delivery of the note and deed of trust on March 1, 1912, in favor of the Continental Trust Company, and payable one year after date, and the subsequent acquisition and present ownership of said note by plaintiff, further alleged:

“That on the 1st day of June, 1913, Jonathan lane made a payment of $1,444 on said note to John H. Thompson, who was then, the duly and legally constituted president of-the Continental Trust Company; that at the time said $1,444 was paid and credited on said note for $10,000, the said John H. Thompson, as president of the Continental Trust Company, agreed with said Jonathan Lane to extend the time of payment of the balance due upon said note to March 1, 1914, and the said Lane, in his own handwriting, indorsed upon the back of said note the following: ‘Time of payment of the balance of this note extended to March 1, 1914, June 1, 1913’ (the last date being the date on which said payment was made on said note, and when said indorsement was made on said note); and at the request of said Lane said indorsement was signed by said Thompson as follows: ‘Continental Trust Co., by J. H. Thompson, President.’ ”

Plaintiff further alleged in its second amended original petition, being the pleading on which it went to trial, that the defendants J. F. Wolters and Mrs. Lane were, on the 26th day of July, 1916, appointed by the probate court of Harris county;1 and qualified as independent executors of the last will and testament of Jonathan Lane, deceased; that they were acting as such executors at the time the suit at bar was filed; that the said Lane died on May 27, 1916.

Plaintiff further alleged that all of said note for $10,000 remaining due and unpaid on December 1, 1917, except $1,444, paid on June 1, 1913, it requested that John H. Thompson, trustee under said deed of trust, sell said property covered by said deed of trust to secure the payment of said note, in accordance with the terms of said deed of trust; that accordingly said John H. Thompson did advertise said property for sale on the 1st day of January, 1918, that being the first (Tuesday in said month; that said property, after due advertisement, in accordance with the terms of said deed of trust, was sold at public auction on the first Tuesday in January between the hours of 10 o’clock a. m. and 4 o’clock p. m., to the highest bidder; that plaintiff, the Farmers’ Life Insurance Company, being at that time the owner and holder of said promissory note, bid for said land the sum of $11,133, which was the highest bid therefor, and same was struck off to the said Farmers’ Life Insurance Company; that said John H. Thompson, as trustee, executed a deed to the Farmers’ Life Insurance Company to said land, it being alleged by plaintiff that this deed vested title to said land in plaintiff.

The American Surety Company, the Texas Loan & (Trust Guaranty Company, and Guy Graham, who died during the pendency of this suit, and whose legal representatives were made a party to same, were daubing some interest in the land in question by reason of abstracts of judgment set out in plaintiff’s petition, and that by reason of said abstracts of judgment a cloud was east upon plaintiff’s'title to said land, and all of said parties claiming an interest in said land by reason of said abstracts of judgment were made parties to this suit for the purpose of canceling said judgment liens and removing the cloud from plaintiff’s title.

Plaintiff pleaded in the alternative, if for any reason it should appear on the trial of the case it had not become the legal and equitable owner of said land, that it have judgment for the amount due on said note for $10,000, dated March 1, 1912, principal interest and attorney’s fees and foreclosure of its liens.

To the pleadings of plaintiff, the defendants J. F. Wolters and Mrs. Alma Lane, independent executor and executrix, respectively, of the estate of Jonathan Lane, deceased. set up a general demurrer, and both by special exception and plea set up the two and four years’ statutes of limitation to plaintiff’s cause of action.

By special exceptions and pleas these defendants attacked the deed under which the plaintiff claims title on the ground that the note and deed of trust, not having been renewed, could not be enforeéd four years after the maturity of the note, and the foreclosure and sale of the land under the deed of trust more than four years after the maturity of the note was void, and plaintiff acquired no title by such proceedings and the deed executed in pursuance thereof.

They further denied generally all of the. allegations Qf plaintiff’s petition, and specially denied that Jonathan Lane ever executed any renewal of the note held by plaintiff or signed any written acknowledgment of the justness of the debt evidenced by said- note.

Walter Lane, the adopted son of Jonathan Lane, intervened in the suit and claimed title to the land under a deed of conveyance to him executed by Jonathan Lane on the 25th day of August, 1911. He further alleged that he went upon and took possession of the land under the deed from his father soon after its execution, and has remained in continuous possession and occupancy thereof since said time and was in possession of the land, cultivating, enjoying, and receiving rents therefrom, at the time the deed of trust under which plaintiff claims was executed.

• He further pleaded the statute of limitation of four years against .the note sued on by plaintiff and denied the execution of any renewal thereof by Jonathan Lane.

*668 He also attacks the title claimed by plaintiff under the sale under the deed of trust, and the deed from the trustee, on the ground that the sale was made more than four years after the maturity of the note, and was therefore void, and the deed executed by the trustee conveyed no title.

He further pleaded his possession and occupancy of the land at the time the abstracts of judgments, under which the defendant American Surety Company of New York claims a lien upon the land, were filed and recorded.

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

Related

Farrell v. Comer
84 S.W.2d 300 (Court of Appeals of Texas, 1935)
Farmers' Life Ins. Co. v. Wolters
10 S.W.2d 698 (Texas Commission of Appeals, 1928)
Harlan v. First State Bank of Sterling City
270 S.W. 895 (Court of Appeals of Texas, 1925)

Cite This Page — Counsel Stack

Bluebook (online)
255 S.W. 666, 1923 Tex. App. LEXIS 869, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wolters-v-farmers-life-ins-texapp-1923.