56 Miss. 497 | Miss. | 1879
delivered the opinion of the court.
It is well settled that a power of saffi in a mortgage or deed
The deed of trust in this case may be enforced by the Chancery Court, as if no trustee had been appointed. The bill is constructed on the erroneous theory that it is necessary to have some special ground on which to resort to chancery in such a case ; and it prays the confirmation of the appointment of a trustee, in the exercise of the power of substitution conferred by the deed, and that he may be empowered to execute the trust by a sale. The bill shows a promissory note, secured by a deed of trust, with condition broken ; and that is all that is necessary to maintain it. The bill was brought, and process issued and served, before the note was barred by the Statute of Limitations ; and the fact that the note was nearly barred makes no difference. The running of the statute was stopped by the commencement of the suit.
. Decree affirmed, and cause remanded for defendant to answer in thirty days.