112 Ala. 638 | Ala. | 1896
Several questions have been argued by counsel in this case which we deem unnecessary to consider, in arriving at .a proper conclusion. The bill avers that about eight hundred dollars of complainants’ money, in the hands of their father and held bjr him in trust, was invested by him in a certain tract of land, the title to which was taken in his name. Subsequently he executed a mortgage on the land to the respondent, E. C. Marshall, to secure a loan of money. The bill avers, that before the execution of the mortgage, the respondent, E. O. Marshall, had notice of the equitable claim of complainants in and upon the land. For the purposes of the case, we concede that the money invested in the land belonged to complainants, and was held by their father as averred in the bill. The answer, of the respondent admits that she holds the mortgage given to secure a loan of money. The answer denies specifically and positively all notice or knowledge of the equitable claim of complainants, or that she had any notice or knowledge that any part of their money had been invested in the purchase of the land, either at the time of the loan of the money or at the time of the execution of the mortgage. The issue made by the pleadings is thus narrowed down to notice to the mortgagee . of the claim of the complainants. The burden of proving notice is upon complainants. On this question the complainants examine but one witness — their father. He swears positively that when he borrowed the money from Mrs. Marshall, he gave her notice of the interest of the minor children. He does not testify that he gave her notice, at the time of the execution of the mortgage, but' “at the time he boi’rowed the money, which was aboxxt
It is contended in the brief of counsel for appellant, that the facts show that the loan was made at a usurious rate of interest, and for this reason the mortgagee cannot claim the juotection of an innocent purchaser. There are decisions which support this proposition. — Meyer Bros. v. Cook, 85 Ala. 417, and authorities cited. ¥e are not prepared to say that there is no evidence tending to show usury in the transaction, but this question has not been raised by the pleadings. There is not an intimation-in the bill, that the consideration of the mortgage was tainted with usury. The respondent has had no opportunity to defend against this assault. It was complainants’ privilege under section 3449 of the Code of 1886, at any time before final decree to amend their bill, ‘ ‘to meet any state of evidence which will authorize relief.” They did not avail themselves of this privilege. The rule prevails in chancery that to authorize relief, there must be allegata as well as proof, and the two must correspond. We do not feel at liberty to discuss this phase of the question.
It is further contended, that the mortgage was executed to secure a pre-existing debt, and for this reason, the mortgagee cannot invoke the protection of an innocent purchaser. — Wells v. Morroto, 38 Ala. 125; Alexander v. Caldwell, 55 Ala. 517. It may be that the abstract sufficiently shows an averment to this effect, and the evidence satisfactorily shows that the mortgage was given to secure a debt contracted about a year previous to its execution. The evidence does not stop here. Whether we regard the old debt extinguished by the new debt and mortgage, or a mere renewal, this evidence very satisfactorily shows a release of security for the old debt, and extension of time for over a year and the taking of dif
There are no errors in the record available to appellant.
Affirmed.
