24 Neb. 592 | Neb. | 1888
In the autumn of 1886, the plaintiff was the owner of a restaurant in the city of Lincoln, and in October of that year sold the same to one Jacob McLaughlin. On the 7th of November, following, McLaughlin sold the restaurant to the defendant for the sum of $1,200, one-half of which was paid at the time of the sale. The defendant was given immediate possession. On the 9th of that month the defendant and McLaughlin went to the office of an attorney and had him prepare two notes of $300 each, one of which was to be due March 1, 1887, and the other April 1, 1887. These notes were to be secured by a chattel mortgage on the property purchased. The defendant was requested to produce the schedule of property received by him from McLaughlin for insertion as a description of the property to be mortgaged, and going to his place of business for that purpose, found there a party
A large number of errors are assigned in this court, which from the conclusion we have reached need not be noticed at length.
Sec 2, Chap. 12 of the Compiled Statutes provides that, to entitle any person to foreclose a chattel mortgage it shall be requisite, 1st. That some default in the condition shall have occurred by which the power to sell becomes operative. 2d. That no proceedings have been had at law, etc. 3d. “That such mortgage, containing the power of sale has • been duly recorded.” A later statute makes filing equivalent to recording (Chap. 32, Sec. 14). The latter statute permits the filing of the original “ or a true copy thereof.” * * * “ and such clerk shall endorse on such instrument or copy the time of receiving the same, and shall keep the same in his office for the inspection of all persons,” etc.
In Loeb v. Hirsch, 21 Neb., 392, it was held that, to • authorize a sale under the statute, the mortgage must be duly filed in the county where the sale is to take place. We adhere to that decision as a correct construction of the statute. The filing tabes- the place of recording, and the instrument is no more to be removed from the clerk’s office during the existence of the lien than the records of said office. Every person who has or may acquire an interest in the property has a right to have the instrument remain on file and open to inspection ; and this applies with much greater force where the mortgage contains peculiar or unusual provisions. Both the mortgagor and mortgagee have rights in a mortgage, and the instrument itself is the primary evidence of what it contains, and
It is unnecessary to review the instructions at length. The plaintiff took possession of the defendant’s property before either of the notes were due, and thereby broke up-his business. This she had no more right to do at that time than she would have had to seize the goods of a stranger. The damages to the defendant were very great —evidently more than the jury have returned. The verdict is therefore fully sustained by the evidence, and is not excessive. The judgment of the district court is right and is affirmed.
Judgment affirmed.