1 N.Y.S. 462 | N.Y. Sup. Ct. | 1888
The action is ejectment. John Manley, having title to the lot in question, made a deed, in which his wife joined, to a grantee named in
The death of Manley, as well as Brown, denied to the parties the evidence •of any person who participated in the transaction, except the widow of Manley, who had but little to do with it other than to sign the deed, and make acknowledgment of its execution by her. She says that Mr. Brown, the father, negotiated for the property, and that she executed the conveyance to him. The party who took the title is the one to whom Manley intended to make the •conveyance. He was a man of business, familiar with transactions of conveyance of real estate, in which he was considerably interested and engaged. He drew this deed, and the bond and mortgage. All of those instruments •constitute parts of the same transaction, and may be construed together, and in the light of the circumstances attending their execution, for the purposes •of the question presented for consideration. Stow v. Tifft, 15 Johns. 458; Lynde v. Budd, 2Paige, 191; Rawson v. Lampman, 5N. Y. 456; Dusenbury v. Hulbert, 59 N. Y. 541, 544. And when, at the time of a conveyance, a mortgage to secure the payment, in whole or in part, of the purchase money, is given by the grantee, the latter, in legal effect, takes only a right of redemption. Clark v. Brown, 3 Allen, 509; Hitchcock v. Insurance Co., 26 N. Y. 68, 70; Dusenbury v. Hulbert, supra. When Manley executed the deed, he took a mortgage; and it contains the statement that it “is intended as security for the payment of the sum of three hundred and fifty dollars, which sum is for the purchase money of said lot; a deed having been given by the party of the second part to the party of the first part simultaneously herewith,”—“according to the condition of a bond this day executed and delivered by the said David O. Brown to the said party of the second part. ” This quite clearly shows that the purpose of the mortgage was to secure such amount of the purchase money. The bond is referred to in the mortgage as executed and delivered by the party of the first part, who is also therein declared to be the grantee in the deed. The bond, in fact, was not executed by David 0. Brown, but it and the mortgage were executed by David A. Brown. The apparent intent and understanding of the parties to the transaction, as indicated by the instruments, when construed, as they must be, together, is that the grantee in the deed and the obligor and mortgagor should be and was
Haight and Dwight, JJ¡, concur.