8 S.D. 353 | S.D. | 1896
This is an appeal from an order overruling a demurrer to the complaint. The complaint, a synopsis of which only will be given, alleges that in October, 1886, the defendant Froelick made to the defendant Miller, as payee, his promissory note for $1,650, payable five years from its date, and attached to which were 10 interest coupons, and secured the same by a trust deed on real property in Kingsbury county, and in which trust deed defendant Hole was named as trustee; that, very soon after its execution, the said note was transferred by said Miller, together with his interest in the trust deed to the plaintiff; that the 10 coupons attached to said note for the payment of interest were paid at their maturity, but that the principal of said note is due and unpaid, with interest from October, 1891; that in 1893 the said Hole, the trustee named in said trust deed foreclosed the same by advertisement, and that the defendant the Valley Land & Irrigation Company at said Hole’s request, bid in the property described in said trust deed at the sale for the sum of $3,68.096, but that said Valley Land & Irrigation Company has not paid any part of said sum so bid, though it has received a certificate from the sheriff therefor; that said Valley Land & Irrigation Company refuses to transfer to the plaintiff the certificate of sale made to it by the said sheriff, unless she will assume and pay about $800, claimed to have been paid by said Hole, trustee, as interest in taking up the coupons on plaintiff’s note, and about $300 taxes, which said Hole as trustee claims to have paid upon the property for the years 1886 to 1891, inclusive, that said Hole has taken inMs.oym. Paines fax certificate of said property included in said
It seems clear, in the case at bar, that all the matters set out it the complaint are connected with the same subject of action, and that the transactions of the trustee and Valley Land & Irrigation Company alleged arise opt of or are connected with, the ‘¡subject of the action,” namely, the note and trust deed. It is apparent from the facts alleged in the complaint, and which are admitted by the demurrer, that the plaintiff was the owner of the note executed by Froelick to Miller, and which was secured by the trust deed executed to Hole as trustee; that'Hole, as trustee, allowed the interest to accumu
The law does not favor a multiplicty of actions, and when all the matters in controversy can properly be settled in the same action, as they clearly may be in. this action, it is proper that they should be so settled in one action. The action is one in equity, and is, in effect, for the foreclosure of the trust deed. All persons, therefore, claiming an interest in, or lien upon, the property subsequent to the execution of the trust deed, are proper parties, and their claims, liens and equities should be, and are properly, determinable in this action. Whether or not
We are of the opinion that the demurrer was properly overruled, and the order overruling the same is affirmed, and the case is remanded to the circuit court for further proceedings.