Logan & Cook v. Taylor

20 Iowa 297 | Iowa | 1866

Dillon, J.

i iiw». subordínate to vendors, If the plaintiffs had established their allegation that Attix paid the purchase-money and that Taylor too^: deed in trust for him, they would clearly have been entitled to the relief sought. But kere pjaintiffs! case> Up0n the evidence, entirely fails. It is incontestibly shown that Attix did not pay the purchase-money, nor did Taylor take the title in trust for him. That the money which was paid to Bots-ford was furnished by Taylor, Richards & Burden, is not disputed. That it was loaned by them to Attix is not established by the plaintiffs. That it was not thus loaned to Attix is conclusively established by the defendants. The facts were these: The time for payment had, within one day, expired; Attix could not pay; he induced defendants to take his place — that is, to pay the purchase-money and receive the deed for the property. This they did, giving to Attix an agreement that if he elected to pay T. R. & B. $5,945 by July 28, 1857, they would convey to him the property; in default of making such payment, Attix was to pay them from and after July 28, 1857, rent at the rate of $50 per month till October 1,1857, when he was to surrender to them the peaceable possession of the lot. This *300was tbe only interest of Attix in the premises by virtue of his arrangement with Taylor, Richards & Burden. Attix never paid them any part of this sum, elected not to repurchase the premises, and surrendered the possession to Taylor, Richards & Burden, according to the contract between them. There is not a scintilla of evidence to impeach the good faith of the transaction between Attix and the defendants. We fail to see how the plaintiffs were prejudiced. They had the same right with respect to the property, after the transfer to Taylor, as before; the same, no more nor less. Before the transfer their lien was subordinate to the lien in favor of Botsford for this purchase money. Defendants, in good faith, in fact, without notice that the plaintffs had any lien, paid the purchase-money to Botsford, and received their deed from him. They are entitled to stand in his shoes, and, to the extent of the purchase-money thus paid by them, to have priority over the plaintiffs’ lien. Barnes v. Cornach, 1 Barb., 398; Vannice v. Bergen, 16 Iowa, 555, and cases cited, 569, 570. But it is argued that the purchase-money having been paid to Bostford extinguishes the vendor’s money lien; that this lien does not follow the property into the hands of the defendants; at all events, that the defendants must have this lien revived, by a distinct affirmative proceeding, before they can insist upon it. But this cause is in equity, and a technical view of this kind is wholly inadmissible. If defendants were insisting that if the effect of the transfer from Botsford to them was to cut off the mechanic’s lien against the property in their hands when it would not have been cut off in Botsford’s hands, the plaintiffs would have good ground to complain. But the defendants make no such claim. They claim to hold the property with the rights of Botsford and no more. As the plaintiffs could redeem from Botsford by paying the purchase-money, so they could redeem from the *301defendants on like terms, at any time before tbeir right is barred or extinguished. But this they did not seek in the court below, and this was not what that court denied to them. They sought priority of lien, and in refusing this the District Court, in our judgment, ruled correctly.

Its decree is accordingly

Affirmed.

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