9 Mo. 277 | Mo. | 1845
delivered the opinion of the court.
Campbell, the defendant in error, executed a mortgage on real and personal estate, to secure three several distinct debts which he owed to James S. Henning, and two others. Henning assigned his interest in the mortgage to Thayer the plaintiff, by a writing endorsed on the mortgage, in these words ; “For and in consideration of the sum of five hundred and sixty-eight dollars and twenty-seven cents, it being anote held by him against me for that sum, dated Nov. 22d, 184)2, and due 6 months from date, I assign all my interest in the within mortgage to Martin Thayer. All collected over said amount to be paid to me.” The mortgage recited that Campbell was indebted to Henning in the sum of $597 87 by judgment, and thejsum of $26 32 by bond. Thayer filed a petition under the statute to foreclose Campbell’s equity of redemption, and made the two other mortgagees defendants in the suit.
To this petition there was a demurrer, which was sustained by the court below, and j'udgment entered against the plaintiff', to reverse which he has prosecuted this writ error.
In support of the j'udgment rendered in the court below, the defendants in error rely on four grounds, yiz :
1. That an assignment of a mortgage cannot be effected without an assignment of the debt, whose payment is thereby secured.
2. The assignee of the bare mortgage cannot sue at law.
B. That all the mortgagees should have j'oined in the suit.
4. That the other mortgagees were improperly made parties defendants, this being a statutory proceeding according to the course of the common law, and not a proceeding in conformity to the course and practice adopted by courts of chancery.
The doctrine is asserted in the books that the assignment of a mortgage is regarded as a nullity. Wilson vs. Troup, 2 Cow. 195. This, however, must be intended of cases in which the mortgage alone is assigned, and in which it was the intention of the parties that nothing but the mortgage, disconnected from the debt whose payment was secured by it should pass. It cannot be applied to cases in which although an assignment of the mortgage is in terms made, yet it is clear
The second reason urged in support of the demurrer has been answered by what has been said in relation to the first.
Considering the purposes for which the mortgage was given, we cannot see the necessity or propriety of all the mortgagees uniting as plaintiffs in this suit. Although there is but a single deed of conveyance, yet when we consider that it was executed to secure three several and distinct debts, due to three several individuals, it must be regarded as clearly several in its nature as if those several instruments had been simultaneously executed. A conveyance of interests in land to several, by one instrument, does not necessarily make those interests joint. It is said, though a man covenant with two or more jointly, yet if the interest and cause of action of the covenantees be several and not joint, the covenant shall be taken to be several, and each of the covenantees may bring an action in his own name for his particular damage, notwithstanding the words of the covenant are joint. 1 Saund. 154. In the case of Burnett vs. Pratt, 22nd Pick., the court held it clear that if a mortgage is given to two or more persons to secure their several debts, the mortgage is several and not joint. That each mortgagee has a right to enforce his claim under the mortgage. If the debts secured are equal in amount, the mortgagees will have an equal inter; est in the morgage; if unequal, their shares will be proportionate to., the amounts of their respective debts. As to the difficulties which may be suggested as growing out of the law relative to joint tenancies, in
If the three mortgagees joined in the suit, there could be but one judgment. One of the claims under the mortgage might be contested, and would involve long and tedious litigation, the others might be undisputed, why should those whose claims are admitted to be just, be compelled to suffer the delay and incur the trouble incident to a protracted litigation? *
We cannot acquiesce in the view, that the proceedings under the statute relative to mortgages, are like those in courts of equity, or that such proceedings can derive any aid from analogy to the course of practice in those courts. The foundation for the argument is a casual remark made by a judge of this court, in delivering an opinion, and it is strange that it should be relied on for such a purpose, when it had been solemnly determined in the case of Carr vs. Holbrook, et al. 1 Mo. Rep. 240, that proceedings to foreclose a mortgage under the statute, are proceedings at common law, and not governed by the rules in chancery, and-when that opinion had been sanctioned and adopted by the late case of McNair vs. Biddle, 8 Mo. Rep. 257. But the act of Feb. 9th, 1839, sec. 13, has put this question at rest, by providing that in all .suits commenced in virtue of the act now under consideration, the courts shall proceed as in other actions at law, except in .cases not otherwise provided for.
The greatest difficulty in this cause grows out of the fact of making the other mortgagees parties defendants, in proceedings in chancery, if it appears that a party having no interest in the subject matter of the suit is made a defendant, it is generally a cause of demurrer. If this were a procedure according to the course of a court of equity, the mortgagees who are made defendants, could not demur, because it is clear that they are interested, and their interest appearing, a bill would be demurrable in which they were not made parties. The rule being, when a party having an interest as plaintiff will not join in the suit, as such, he must be brought before the court as a defendant. The statute now under consideration is sui generis, and it must be confessed, that taken in connexion with the interpretation it has received, it is full of embarrassment and difficulty. The idea of such a proceeding had its origin at an early day in this State, before there was such a thing as a court of equity as contradistinguished from a court of law. At the
There is no other mode designated by which they can be made parties to the suit, and it would seem that the mode of becoming parties is not very material. But the manner of becoming a party, may affect the interest of the mortgagor, and the courts will certainly be disposed to protect his rights. If one mode of becoming a party, defendant will
Judgment affirmed.