Converse v. Ware Savings Bank

152 Mass. 407 | Mass. | 1890

W. Allen, J.

The substance and effect of the agreed statement is this. One Harvey mortgaged land to the Ware Savings Bank to secure the sum of $2,800, he afterwards mortgaged a parcel of the mortgaged land to the plaintiff by warranty deed, making no mention of the mortgage to the savings bank, to secure the sum of $700, and he afterwards mortgaged the whole land with other land to the claimant, expressly subject to the mortgage to the savings bank. The plaintiff duly foreclosed' his mortgage by sale, at which he was the purchaser for $10. After-wards the savings bank foreclosed its mortgage by sale and has a surplus of $206.85 in its hands from the proceeds of the sale, for which surplus this suit is brought. The only question between the plaintiff and the claimant is whether the plaintiff is entitled to the whole of the surplus, or whether it is to be apportioned between him and the claimant.

The ease falls within the well settled rule, that if a mortgagor conveys a parcel of the mortgaged premises with covenants of warranty, neither he nor his subsequent grantee of the rest of the land with notice actual or constructive of the prior deed can, upon paying the mortgage, have contribution from the prior grantee. George v. Wood, 9 Allen, 80, and cases cited. Beard v. Fitzgerald, 105 Mass. 134. Clark v. Fontain, 135 Mass. 464. The plaintiff is entitled to the whole of the surplus.

The defendant bank objects that the judgment, which was for $220.79, was for too large a sum. The agreed facts state that the claimant was summoned, and appeared under the statute, and that “the surplus in the possession of the bank is $206.35.” It is not stated that the amount had been paid into court, and it appears that it had not, for the bank continued a party to the suit. As the bank has not paid the money into court, the suit will go on against it to final, judgment, and there should be interest upon the amount to the date of the judgment, as if there had been no petition that the claimant should be summoned in. St. 1886, c. 281. The case stated does not express any date from which interest should begin to run, but we think that the meaning is, that the sum stated is the amount that was in the possession of the bank at the commencement of the action, and that the proper amount of the judgment upon the agreed facts is the sum stated, with interest upon it from the date of the writ. The judgment appears to have been for that amount.

Judgment affirmed.