19 Iowa 193 | Iowa | 1865
While counsel have occupied a wide field in the discussion of this case, in our view the, determination of one question settles the entire controversy, and renders the examination of all others quite immaterial.
In the petition it is suggested that the deed of trust to Lomax from Day was defectively acknowledged, and hence that the recording of the same did not impart constructive notice of the lien thereby created. No defect is pointed out or specified, however, either in the pleadings or argument. No copy of the instrument is attached. The allegation is denied by the answer, and it is very manifest that the alleged defect is not relied upon, but that the plaintiff’s case stands, and is claimed to stand, upon other and different grounds. It may be added that any claim for relief upon this ground was probably abandoned in view of the curative statute of 1858 (art. 5, ch. 95, § 2249, Rev.), which went into effect after the date of the trust deed and before the making of plaintiff’s mortgage. However this may be, the point is not pressed, nor does there seem to be any foundation for it.
In this State there is no statute giving the right, and it only remains to inquire whether there are any extrinsic equities which entitle plaintiff to interfere with defendant’s title. As we have already seen, there is no suggestion of fraud, of irregularity in the sale, or any other matter in connection with said proceedings, tending to invalidate defendant’s title, or to create an equity in favor of plaintiff. Notice, as provided by the deed, was notice to plaintiff as a subsequent mortgagee, and he was bound thereby. He took his mortgage with knowledge of this contract, with knowledge that the trust deed could be thus foreclosed, and was bound to take notice of the sale made in accordance therewith. Being thus affected, has he any equity based upon the federal legislation or the principles of international law, which will avail him against defendants? It seems to us most clearly not.