182 A.D. 245 | N.Y. App. Div. | 1918
This is an action for the foreclosure of a mortgage on which there is now due $41,000 and interest, upon premises Nos. 510-512 West One Hundred and Forty-seventh street, borough of Manhattan.
In August, 1917, George R. Cannon died seized of the premises, subject to the mortgage, leaving a will by which he devised.all his property, including the above apartment house, to his sister, Fannie M. Bundy, whom he appointed his sole executrix. Fannie M. Bundy predeceased the said George R. Cannon and left no descendants, by reason of which the bequest and devise lapsed, and the real property descended to about forty-six cousins of the testator George R. Cannon, widely scattered and not all of whom are at present known.
This foreclosure action was thereafter commenced and the complaint and lis pendens were filed on November 30, 1917.
. The default alleged is in the payment of a quarterly payment of interest due September 1, 1917, amounting to $563.75.
The mortgage contained the following clause:
“ Fourth. The holder of this mortgage, in any action to foreclose it, shall be entitled, without notice and without regard to the adequacy of any security for the debt, to the appointment of a receiver of the rents and profits of said-premises; and said rents and profits are hereby, in the event of any default or defaults in paying said principal or interest, assigned to the holder of this mortgage as further security for the payment of said indebtedness.”
A receiver was appointed on the ex parte application of plaintiffs, who at once went into possession and proceeded to collect the December rents. The temporary administratrix shortly thereafter moved to vacate said receivership, and the .motion was granted upon the ground that, in view of the prior appointment of the administratrix, “ there ought not to be an appointment by this court of an officer whose rights and duties conflict with hers.” But there really is no conflict. Temporary administrators “ are mere collectors or conservators of the personal estate, to hold and protect it until permanent executors or administrators are appointed. It is true that by section 2600 of the Code of Civil Procedure the surrogate may, as he did in this case, authorize a temporary administrator to take possession of the real property belonging to the estate and to receive the rents and profits thereof. It is quite clear that such an authorization does not confer upon a temporary administrator any title to the real property or any other right than to take such' possession as may be necessary to collect the revenue therefrom.” (Matter of
The order appealed from should be reversed, with ten dollars costs and disbursements, the receiver reinstated in possession and all moneys collected by the temporary administratrix since December 1, 1917, should be turned over- to the receiver.
Clarke, P. J., Scott, Smith and Davis, JJ., concurred.
Order reversed, with ten dollars costs and disbursements, and receiver reinstated as stated in opinion. Order to be settled on notice.