55 Neb. 605 | Neb. | 1898
In December, 1889, E. L. Reed was the owner of considerable real estate in Cass county, included in which were certain lots, blocks, and irregular tracts in the town of Weeping Water, upon one of which lots or tracts he resided with his family. In that month F. M. G-ibson recovered a judgment against Reed for something like $6,000, which became a lien upon all the real estate of Reed in said county, subject, however, to his rights of homestead exemption. In 1891 Reed, being indebted to Addison C. Beach, executed to him a mortgage upon a
We do not know of any principle of law or equity upon which this decree can stand. The decree entered in the mortgage foreclosure ease which determined that Beach’s mortgage was a first lien upon the land occupied by Reed as a homestead, and that that homestead was lot 14 in the town of Weeping Water, was not the result of either fraud or mutual mistake. The decree was so entered at the instigation of Beach and his counsel. By that decree Beach was given a first lien upon the entire tract of land upon which Reed resided. This tract of land embraced something more than four acres, and was worth at the time it was sold about $4,500, and was sold for $2,700, and Beach received the benefit of the sale. By the decree then entered as Beach asked to have it entered he obtained more than he was entitled to. Reed’s homestead interest was limited, being in an incorporated village, in quantity to two contiguous lots and, in value, to $2,000. But by the decree property worth. $4,500 was, at the instigation of Beach, decreed to be Reed’s homestead, and
Reversed and dismissed.