Clark v. Stilson
Decision Date | 06 June 1877 |
Citation | 36 Mich. 482 |
Court | Michigan Supreme Court |
Parties | Rachel M. Clark v. Eli Stilson and others; and Eli Stilson and another v. Rachel M. Clark |
Heard April 13, 1877; April 18, 1877
Appeal in Chancery from Kalamazoo Circuit.
Decree drawn as to protect the rights of Mrs. Stilson in the other lot, and she recovered her costs of both courts. As against Sebring, the complainant entitled to costs.
Russell & Wadleigh and G. M. Buck, for complainant.
Edwards & Sherwood, for defendants Stilson.
Arthur Brown, for defendant Sebring.
This is a suit by the administrator of Amasa L. Clark to foreclose a mortgage given to him by the defendant Eli Stilson and his wife. The defendant Sebring is brought in as claiming an interest in one of the two parcels of land described in the mortgage, as subsequent incumbrancer, purchaser or otherwise.
The defendants Stilson and Sebring set up separate defenses, and the latter has filed a cross-bill. The defense of each may best be considered separately.
The mortgage was for the sum of two thousand dollars, and bore date February 8, 1869. On the 2d day of March, 1872, Stilson claims to have made an agreement with Clark, by which the latter was to proceed to foreclose his mortgage and obtain title under it, and then to take one of the two parcels of land in satisfaction, conveying the other to Mrs. Stilson. He, however, demanded two hundred and fifty dollars as a bonus for doing this, which Stilson avers he paid; and he was also to leave the land he should take in the possession of Stilson, who was to pay what in the agreement was called interest, and which we understand was in fact equal to ten per centum annually on the amount then owing from Stilson to Clark. As evidence of this agreement Stilson produced the following instrument:
Some criticism is made on the evidence produced to prove this instrument, but we think it was sufficient. The agreement is somewhat vague in some of its provisions, and does not expressly mention the mortgage; but when the position of the parties in respect to the land described in it is shown, the difficulties disappear. Clark was to perfect his title by obtaining deeds to the two parcels of land, and then convey one of them to Mrs. Stilson. Now a mortgagee obtains deeds of the lands mortgaged to him and...
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