102 Wis. 552 | Wis. | 1899
The main controversy is whether the transaction between the parties was an absolute sale of the land or in effect a mortgage. The principle has long been established and frequently recognized, in this court, that oral evidence is admissible to show that a deed absolute on its face was in fact executed as security for a debt, and was therefore a mortgage. Plato v. Roe, 14 Wis. 453; Sweet v. Mitchell, 15 Wis. 641; Kent v. Agard, 24 Wis. 378; Ragan v. Simpson, 27 Wis. 355; Nightingale v, Barens, 47 Wis. 389; Lamson v. Moffat, 61 Wis. 153. An expression frequently used in the cases is “ that whenever property is transferred, no matter in what form or by what conveyance, as the mere security for a debt, the transferee takes merely as a mortgagee, and has no other rights or remedies than the law accords to mortgagees.” Hoile v. Bailey, 58 Wis. 434; Starks v. Redfield, 52 Wis. 349; Howe v. Carpenter, 49 Wis. 697; Merchants' & M. S. Bank v. Lovejoy, 84 Wis. 601; Schriber v. Le Clair, 66 Wis. 579.
There are a few facts in this case upon which all parties agree. Briefly, they may be stated as follows: That the defendant Catherine Newburg was the owner of the land in question, and in possession thereof, and that plaintiff has never had possession; that the land was incumbered by at
Upon the disputed questions in the case the court held with the plaintiff; and, unless we can say that the evidence is clear that it was the real intention of the parties that the transaction was to be a mortgage, his findings ought not to be disturbed. Becker v. Howard, 75 Wis. 415.
There was a sharp conflict in the testimony as to just what occurred in Mr. Daniels’s office at the time the deed was drawn. Both defendants and the scrivener say the deed was drawn and executed on the 26th, but not delivered; that after the deed was drawn the plaintiff said he did not believe he would close the matter up then; as he wanted to see how much there was due on the paper he had indorsed; that he went home, and the parties came back the next day, when the deal was consummated, and both deed and contract were then delivered. Plaintiff swears that the deed was delivered on the 26th, and that the contract was an afterthought, and made in pursuance of an agreement with defendants after the deed was delivered. He does say, however, “ I refused to sign the deed in Daniels’s office on the 26th, and said I wanted to look the matter up and find out how much Hew-burg was owing me.” Just what he meant by saying, “I
When viewed in the light of the surrounding circumstances, we are quite clear that the finding of the court is against the clear preponderance of the evidence. Mr. Daniels is positive that he kept the deed himself over night, and that both deed and contract were delivered together. His testimony is also quite clear and satisfactory as to what transpired in his office, leading up to the execution and delivery of these papers. The conclusion is almost irresistible that plaintiff was to take up the indebtedness against the land and allow the defendants to pay him back at the rate of $500 per year. The plaintiff’s acts are consistent with this theory, and utterly inconsistent with any other theory. If he did come, as he claims, to be the absolute owner of this farm, why should he take an assignment of the Johnson mortgage ? Speaking of the notes he had indorsed and the mortgage he had paid, he said: “ I was to keep them, or could keep them, until the time when the contract became a deed.” And again: “ I have taken an assignment of the Johnson mortgage to myself. I was willing to deliver up these notes that I had paid, at any time when the contract and everything was settled.” If he had made an absolute purchase of this land upon the consideration that he was to pay the claims against it, there was nothing to be settled, in that respect. All parties agree that they had figured up the amount of these outstanding debts, and that they amounted to the sum mentioned as the consideration in the deed, and also in the contract to reconvey. The principle recognized in the authorities is that once a mortgage always a mortgage. Hunter v. Maanum, 78 Wis. 656. So, when the parties’ acts are only consistent
By the Court.— So ordered.