17 S.D. 51 | S.D. | 1903
At the trial of this action to foreclose a real estate mortgage the fee simple title, by virtue of a sheriff’s deed, was found to be in the defendant McCausland, and from a judgment accordingly entered, and an order denying a new trial, plaintiff, MacGregor, and the defendants Pierce appeal.'
Before passing to the merits of the case, it is deemed necessary to determine the effect of appellants’ failure to serve a notice of intention to move for a new trial upon the adverse party. Section 5090 of the Compiled Laws of 1887 provided that: “The party intending to move for a new trial must, within twenty days after the verdict of the jury, if the action were tried by a jury, or after notice of the decision of the court, if the action were tried without a jury, serve upon the adverse party a notice of his intention, designating the statutory grounds upon which the motion will be made and whether the
Appellants’ counsel contends that the sheriff’s deed upon which respondent relies is void for the reason that the statute was not complied with iu making either redemption and that Nation, by redeeming from the Roberts foreclosure sale, extinguished such prior lien. However, it is expressly conceded on the same page of his brief that respondent’s redemption from Nation’s execution sale is entirely regular, and that by virtue of the sheriff’s deed he became the owner of the premises in controversy, subject to the MacGregor mortgage, made the basis of this action. While these assertions concerning the legal effect of the deed are clearly at variance, and the evidence is ample to sustain the findings of the court to the effect that a sufficient showing was made iu each instance to justify redemption, we will proceed to determine whether the testimony admitted concerning the steps taken is of a character justified by the law of evidence and meets the requirements of the statute. The dulyrecordc d certificate of redemption issued by the sheriff to Mr. Nation, as well as the one issued to respondent, recites, in substance, that the redemptioner furnished all the proof necessary to entitle him to redeem, and such officer, after showing diligent search, and the loss or destruction of many papers accumulated during the time essential to this case, was permitted to testify to the effect tnat he was satisfied that a proper showing was made as to the right of each of these parties to redeem. In this he was fully corroborated by Mr. French, the attorney who represented Mr. Nation as well as respondent in all matters pertaining to both redemptions, and
It being expressly admitted upon the record that respondent made a good redemption from the execution sale of September 19, 1895, at which Nation became the purchaser, and that he is the owner of the land in controversy, subject to the MacGregor mortgage, it seems only necessary to determine the legal effect of his concurrent redemption from the Roberts foreclosure sale, established by precisely the same character of testimony. Roberts and Nation, from whose respective sales respondent redeemed within the statutory period, waived all legal defects, if any there were in the procedure, by accepting and retaining the full amount of redemption money, and appellants, who never attempted to redeem from the unquestioned sale under the foreclosure of Robe.ts’ senior mortgage, are not in possession to challenge the regularity of such redemption. McDonald v. Beatty, 10 N. D. 511, 88 N. W. 281; Hervey v. Krost (Ind. Sup.) 19 N. E. 125; Blair et al. v. Chamblin et al., 39 Ill. 521 89 Am. Dec. 322; Carver et al. v. Howard, 92 Ind. 173; Pearson v. Pearson (Ill.) 23 N. E. 418. Appellants are in no manner prejudiced by the fact that the sheriff’s deed was made to respondent as a redemptioner, instead of Roberts, the prior mortgagee, purchasing at his own
The principal contention of counsel for appellants seem to be that the redemption by Nation and the procurement of the sheriff’s certificate of sale on the 19th day of September, 1895, operated to make him the successor in interest .of Pierce, the mortgagor, and therefore the owner of the property, subject to the lien of appellants’junior mortgage. Section 5150 of the Compiled Laws of 1887 makes a creditor having a subsequent judgment or mortgage lien a redemptioner, and provides that he may redeem property sold subject to redemption. Section 5151 states the legal requisites of a proper redemption by the judgment debtor, and section 5152 relates to successive redemptions by redemptioners, and provides that “the property may be again, and as often as a redemptioner is so disposed, rédeemed from any previous redemptiioner.” Section 5154 is as follows: “If no redemption be made within one year after the sale, the purchaser of his assignee is entitled to a conveyance; or, if so redeemed, whenever sixty days have elapsed and no other redemption has been made, and notice thereof given, and the time for redemption has expired, the last redemptioner, or his assignee, is entitled to a sheriff’s deed; but in all cases the judgment debtor shall have the entire period of one year from the date of the sale to redeem the property.” In the plainest terms section 4839 gives to one having a lien inferior to anoth er the light to redeem, and “to be subrogated to all the benefits of the superior lien when necessary for the protection of his interest, upon satisfying the claim secured thereby.” Section 5421, relating to the foreclosure of mortgages on real
After a judicial sale in this state, the legal title remains in the mortgagor or judgment debtor until a deed is executed to the purchaser or redemptioner, and the certificate of sale constitutes but a lien in the nature of - an equitable estate. Wood v. Conrad, 2 S. D. 405, 50 N. W. 903; Home Investment Co, v. Clarson, 15 S. D. 513, 90 N. W. 153. The debtor, John T. M. Pierce, in whom the legal title was vested, and MacGregor, as a creditor, having a subsequent mortgage lien, had the right to redeem at any time within a year from the Roberts’ foreclosure sale and for 60 days after the redemption by respondents; but they lost that right by remaining inactive during the entire period, and by allowing respondent to take the sheriff’s deed to which he was entitled.
The view of counsel for appellants as to the legal status of a redemptioner from the original purchaser at a foreclosure
Finding in the record no error of law, the judgment appealed from is affirmed.