41 S.E. 706 | N.C. | 1902
This was an action to have a deed declared a mortgage to secure a loan for $30. The issues were found as follows:
1. Was it understood and agreed between the plaintiff and the defendant, at the time the deed was delivered, that the defendant should hold the same to be a security for the money paid by the defendant for the plaintiff? Answer: Yes.
2. Was the clause of redemption omitted from said deed by reason of ignorance, mistake, fraud or undue advantage? Answer: No. *381
3. What amount, if any, is the defendant indebted to the (555) plaintiff for rent of said property? Answer: $30.
Upon these findings the court entered judgment in favor of the defendant. In this there was error.
In the recent cases of Watkins v. Williams,
Upon the issues found a decree should have been entered for the plaintiff that upon repayment of the original loan of $30, with interest, after deduction of the rent found to be due the plaintiff by the third issue, the defendant should reconvey, and in default of payment by plaintiff of balance due by a day named, there should be a foreclosure.
Reversed.
Cited: Helms v. Helms,
(556)