36 Md. 65 | Md. | 1872
delivered the opinion of the Court.
Objection has been made to the validity of the mortgage to the appellant on the ground that the sum (not exceeding $3,600) thereby agreed to be advanced for the erection of the houses, was not to be in money, but in building materials. Where the amount which it is intended to secure is expressed in the mortgage, as required by the Code, (Art. 64, sec. 2,) it is valid, though designed to secure future advances to that extent. Mortgages, or ‘ deeds in the nature of mortgages, to secure future loans or advances, if bona fide made, have always been sanctioned by the Common Law, and if unexceptionable in other respects, their validity cannot be questioned in Maryland. Wilson vs. Russell, 13 Md., 530. In our opinion, the validity of such an instrument is not affected by the fact that the parties thereto agree that the advances shall be in materials to the specified amount in value instead of money. We see no reason why an agreement to advance and receive building materials in lieu of momey should not constitute a legal consideration for a mortgage of this character.
The main question in the case is one of fact, viz: whether this mortage was recorded before or subsequently to the “com
The mortgage was executed on Monday, the 6th of December, 1869, and recorded at half-past two o’clock, P. M., on the same day. It was proved by Spreckelmyer, the mortgagor and builder, that on the afternoon of the preceding Saturday he laid the ground off for the- buildings, and drove some pegs in the ground in laying it off, but nothing more was then done. We cannot regard this as a commencement of the building within either the letter or the spirit of the law. In the case of Pennoch vs. Hoover & Myers, 5 Rawle, 308, it is said, it may be safely considered the universal understanding as to what constitutes the commencement of the building of a house, that it is “ the first labor done on the ground which is made the foundation of the building, and to form part of the work suitable and necessary for its construction.” The facts of that case do not warrant the inference the Court would have held such acts as these we are now considering, to constitute a commencement of the building. If that were so, the same thing might be said of the mental labor of selecting the location, designing dimensions, and the mechanical work of measuring the ground and drawing plans of the building on paper, all of which would leave no patent and plainly visible trace of work and labor on the ground itself. This would open wide the door to innumerable frauds upon parties advancing money on mortgages of this kind. What the law means by these terms is, some work and labor on the ground, the effects of which are apparent, easily seen by every body, such-as beginning to dig the foundation, or work of like description, which every one can readily see and recognise as the commencement of a building.
Little or no reliance seems to have been placed upon these acts in the Court below. Most of the testimonyand the attention of the Court was very prpperly directed,, to the question whether the excavation for the cellars and founda
In our opinion, it is established by the weight of evidence, that the work was not commenced until Tuesday morning. It follows, the order appealed from must be reversed and the
Order reversed and cause remanded.