13 N.Y.S. 97 | N.Y. Sup. Ct. | 1891
The judgment directed is for the foreclosure of a mortgage upon a leasehold estate, created by a lease for the period of 21 years from the 1st of November, 1888, with conditions for renewals, and reserving a rent certain. The amount secured, and for which a sale has been directed, is the sum of $10,000. The plaintiff moved for an additional allowance of costs, stating in the affidavit presented for that object that a great deal of labor had been expended in preparing for trial to show the'facts attending the loan, the payment of which was resisted, on the alleged ground of usury. The court declined to make a greater allowance than the sum of $200 for the want of power. It was held that this was the foreclosure of a mortgage on real property, and that the allowance, therefore, under subdivision 1 of section 3253 of the Code of Civil Procedure, could not exceed the sum of $200; and that is the extreme limit prescribed in an action for the foreclosure of a mortgage upon real property. B ut a leasehold in terest was held in Despard v. Churchill, 53 N. Y. 192, not to be real property, even where the lease may exceed the period of three years, and for that reason entitled to be recorded. Two leasehold interests were then before the court, one having about four and the other about five years to run; and they were held to be personal, and not real, estate. And this conclusion seems equally as applicable to the lease affected by the result of this action; for whether the lease be for 5 or 25 years cannot affect the nature of the interest created by it, or the principle which should be applied to define it. If a lease of 5 years creates a personal interest only,