111 Minn. 399 | Minn. | 1910
John W. Lynch owned two hundred eighty acres of land, situate in the town of Walls, Traverse county, which was in possession of and operated by a tenant. Mr. Lynch himself lived in the town of Tara, same county. The following mortgages, in the order named,
Three hundred and sixty-one and five one-hundredths bushels of wheat grown upon the premises during 1908 came into the possession of appellant elevator company, and this action was commenced by ’respondent bank for the purpose of recovering possession thereof, claiming the same under its chattel mortgage. It was stipidated at the trial that the wheat was of the value of $300.23, that it was raised upon the land described in respondent’s mortgage during the season of 1908, and that it belonged to John W. Lynch, the mortgagor, at the time of its delivery, subject to the mortgages which might be shown at the trial. It was also stipulated that appellant elevator company made no claim to the proceeds of this grain, and the contention was between respondent bank and the First National Bank of Graceville.
The trial court found that the chattel mortgage executed by Lynch to the First National Bank of Graceville December 2, 1907, was given to secure the same indebtedness secured by the real estate mortgage to the same bank, executed July 26, 1907; and the court found that the note was not due at the time of its execution; that the bank paid no new or valuable.consideration for the chattel mortgage, and
The evidence and findings are silent as to actual notice by the First National Bank of Graceville of the prior mortgage, but appellant insists that it has a right to rely upon the failure to file in the other town. The prior mortgage was valid as between the parties, although it was not filed in the town where the mortgagor lived, and the burden was upon the Graceville Bank to show that it was a mortgagee in good faith, without notice, and for a valuable consideration then paid. Nickerson v. Wells-Stone Mercantile Co., 71 Minn. 230, 73 N. W. 959, 74 N. W. 891; Wright v. Larson, 51 Minn. 321, 53 N. W. 712, 38 Am. St. 504; McNeil v. Finnegan, 33 Minn. 375, 23 N. W. 540.
It does not appear that the Graceville Bank was misled by the description of the real estate in the chattel mortgage given to respondent bank, conceding that description was indefinite as to the number of acres. The original is not in the record, and we are inclined to the opinion that appellant is not entitled to raise this question. It is enough here to say that, conceding the punctuation as used in the printed record throws some doubt on the correct number of acres, yet the land was clearly described in other respects, and an examination of the record would easily have disclosed the actual facts to the parties interested. An insufficient or ambiguous description in a mortgage does not render the instrument void, if there is sufficient to enable a third party to identify the property. Strolberg v. Brandenberg, 39 Minn. 348, 40 N. W. 356. The mortgage was given to secure a debt past due, with the interest added, and was a valid lien upon the wheat in question, under which respondent was entitled to claim the same.
The trial court did not abuse its discretion in refusing to open the judgment and permit the First National Bank of Graceville to introduce new evidence to show that the total amount paid by re
The evidence sustains the findings of fact, and the order appealed from is affirmed.