32 N.J. Eq. 566 | New York Court of Chancery | 1880
This matter comes before me on an order to show cause why certain timber, posts, rails and cord-wood, which were on the mortgaged premises when the bill was filed, and afterwards were removed therefrom to neighboring land by the mortgagor, and also certain timber, posts, rails and cord-wood which had previously been removed from those premises to adjoining land, should not be sold by the receiver to pay the deficiency remaining after applying the proceeds of sale of the mortgaged premises to the amount due the complainant on the execution. The property which it is sought to reach by this application, was manufactured from the trees which grew on the mortgaged premises, and were felled thereon by the mortgagor. So much of it as was manufactured from trees which were cut down after the beginning of this suit, should be applied to the payment of the complainant’s debt.
It is clear, from the testimony, that the trees which were cut down after the suit was begun, were fraudulently cut down and removed by the mortgagor with the design of thereby securing to himself so much of the mortgaged premises. His son’s levy under judgment is no obstacle.
