107 Mich. 143 | Mich. | 1895
This suit was instituted to foreclose a mortgage for $350 given May 13, 1893, and payable August 2, 1893, according to the terms of an accompanying note. The bill was filed September 15, 1893. The defendant set up original matter in her answer, and ■asked for affirmative relief. The facts set up1 in the ■answTer as constituting a defense are that the defendant was the owner of 40 acres of land in the township of Romulus, subject to two mortgages, which aggregated in amount $350; that on the 13th of May, 1893, she agreed with the complainant Frederick Raffel to exchange this farm for a house and lot in Springwells, and, to make the exchange even, gave the mortgage in question as an indemnity against the mortgage on the farm; that said complainant represented to her that the lot which he was trading included all the land between the two fences then forming the inclosure in which the house stood, and that it was 00 feet front by 150 feet deep; whereas the land conveyed consisted of a single lot 30 feet by 150. The defendant also sets up that the house and lot were subject to a life lease, and that this fact was concealed from her at the time. It is also' contended that complainants were not entitled to foreclose until they had been compelled to pay or had paid the mortgage on the farm.
The case is not altogether clear on its facts. There is ample room for finding that defendant did expect that ■she was to receive 00x150 feet of ground, and there is
As to the incumbrance of the life lease, it seems oom
The mortgage in terms provided for the payment of the $350 August 2, 1893. Mrs. Epworth swears that it was-given by her to secure the payment of the mortgages on the farm. This mortgage was n'ot, therefore, according to her testimony, given as a mere indemnity, but was security for the payment of the mortgages. The breach entitled complainants to foreclose. It was evidently not the intention of either party that the complainants would be bound to pay off the incumbrances before they should be entitled to resort to their security.
Decree affirmed.