56 Mich. 166 | Mich. | 1885
Brayton holds a mortgage made by Ann Merithew in 1876. She was widow of Moses Merithew who owned the land in question. By his will she was given a life-estate in the land, and the fee was left to her four children, one of whom died during the mother’s life, and the others are defendants together with Tuttle, the mother’s administrator. Ann Merithew became entitled to a share in fee as one of the heirs of her deceased daughter.
The mortgage in question was made before the death of this daughter. It describes her as Ann Merithew, guardian of Moses Meritliew’s children, and is signed “ Ann Meritiiew, Guardian.” It does not purport to be made by virtue of any authority vested in her as guardian, and does not name the children, and does not purport to cover their interest. It is claimed by defendants that it does not cover her after-acquired inheritance, and that it is no longer valid.
At common law it can hardly be doubted that as against her and her estate, such a mortgage, with positive words of grant of the entire land, would cover any subsequent inheritance that came within the interest purporting to be conveyed.
But in the present case, not only does the mortgage purport to cover an entire estate, but the controversy is not with subsequent purchasers, but directly with the estate of the mortgagor. It is therefore relieved from outside equities.
The Revised Statutes constitute but one act of the Legislature, and all provisions must stand together. In the statute which provides for mortgage foreclosures it is expressly declared that the deed shall vest in the grantee all the interest which the mortgagor had at the time of the execution of the mortgage or at any time thereafter. §8506. This language is not ambiguous, and it conforms to what was the law before these statutes were enacted. Such language would not enlarge any estate definitely limited in the mortgage, but it certainly would be difficult to find any sufficient reason for disregarding it as applied to such an estate as is set forth.
¥e have made some search to discover where this language came from,' but it is not found in our older Revisions or in the New York statutes from which much of our foreclosure practice has been borrowed. Whether it originated in our own Legislature we cannot from any light thus far given us determine. But its meaning is quite definite and the language is well chosen to express a doctrine that has been asserted as reasonable, and is laid down by Mr. Jones
The mortgage contains nothing which would confine it to an attempt to act as guardian. It contains none of the proper statements or references which would give it such an operation. The language should not be given an overbroad construction for the mere purpose of making the instrument void. The note which it secures, which is signed in the same way.has become fixed as a charge on the mortgagor’s estate, and both are properly so applicable.
Upon the question of interest, it appears that it was paid on the whole $300, and upon the installment in arrears to April 28, 1877. On the 1st of April 1882 there was due of principal $300, and of interest $149. There was paid on that day $132, leaving the amount of principal and interest unpaid $317: Interest on $300 to January 28, 1885, would be $84.75, making the balance $401.75.
The decree below must be reversed and a decree granted for this balance with costs against the land but not personally.