Federal Land Bank of New Orleans v. Farris, 4 Div. 704.
Decision Date | 11 May 1933 |
Docket Number | 4 Div. 704. |
Citation | 148 So. 123,226 Ala. 574 |
Parties | FEDERAL LAND BANK OF NEW ORLEANS v. FARRIS. |
Court | Alabama Supreme Court |
Appeal from Circuit Court, Geneva County; E. S. Thigpen, Judge.
Action in nature of ejectment by the Federal Land Bank of New Orleans against J. E. Farris. From a judgment of nonsuit plaintiff appeals.
Affirmed.
B. W Smith, of Samson, and A. A. Smith, of Hartford, for appellant.
Mulkey & Mulkey, of Geneva, for appellee.
This is a statutory action in the nature of an action of ejectment for the recovery of certain lands, together with damages for the detention thereof, and the sole question presented by the assignment of errors is the measure of the plaintiff's damages.
The plaintiff is a mortgagee who foreclosed and became the purchaser at the foreclosure sale.
The mortgage was given to secure a loan, payable in yearly installments running through a number of years, with the provision that, on failure of the mortgagor to pay in full any one of said installments, the mortgagee reserved the option to declare the entire indebtedness due and foreclose.
An installment of $450 became due and payable on November 15 1930, on which $150 was paid in December, 1930, and which was entered to the credit of the mortgagor. The mortgagor failed to pay the balance due on said installment, and on September 16, 1931, the plaintiff foreclosed, purchasing at the foreclosure sale, and on said date the plaintiff gave the defendant the following notice:
The defendant failed to surrender possession or attorn to plaintiff, and this action was filed on the 8th day of October, 1931.
On the trial the plaintiff offered evidence going to show the reasonable rental value of the land for the entire year 1931. The defendant objected to this evidence on the ground that plaintiff was only entitled to recover mesne profits for the time of the unlawful holding. The court sustained this objection, and because of this adverse ruling the plaintiff took a nonsuit, and judgment was rendered accordingly.
The mortgage, though it vested in the mortgagee the legal title to the land, recognized in the mortgagor the right to retain the possession, use, and enjoyment...
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