32 P. 1133 | Idaho | 1893
One Leachman executed and delivered to plaintiff his note for $1,000, and at same time executed and delivered to plaintiff a chattel mortgage upon a growing crop of wheat, to secure said note. After the crop of wheat was harvested by L., the mortgagor, he delivered the same to the plaintiff, to be sold by him in satisfaction of said debt, according to the terms of said chattel mortgage. After such delivery, and before the sale thereof by plaintiff, defendant Whit-comb took and carried away from the possession of plaintiff
It is claimed by respondent (and this seems to have been the view of the district court, and upon which said court predicated its judgment) that under the provisions of section 4520 of the Devised Statutes of Idaho this action is not maintainable. The portion of the section relied upon by respondent to sustain his contention is as follows: “There can be but one action for the recovery of any debt or.the enforcement of any right secured by mortgage upon real estate or personal property, which action must be in accordance with the provisions of this chapter.” It is a sufficient answer to this claim to say that this is not an action “for the recovery of any debt, or the enforcement of any right secured by mortgage,” but it is an action to recover the possession of the security of which the mortgagee has been wrongfully deprived, in order that thereby he may, by a foreclosure and sale, under the provisions of the mortgage, recover-the debt, and enforce the rights secured him by the mortgage. Mortgages upon personal property have always been considered,, and of necessity are, unstable securities, but the rule contended for by respondent would make them utterly worthless. We have found no authority which sustains the rule contended for-by respondent, and, if we had, we certainly should not follow it, as such a rule has no basis in law, equity or good conscience. Of what avail would it be to the mortgagee of personal property to foreclose his mortgage upon property not in his possession, and of the very existence of which he has no assurance. TJnderthe terms of the mortgage, the mortgagee is entitled to the possession of the mortgaged property. By the terms of the mortgage as set forth in the record the mortgagor agrees “that he