A conveyance of the equity of redemption by a mortgagor to a mortgagee, without the payment of any new consideration, cannot be considered a voluntary convey anee and void as against creditors, when the amount due on the note or other obligation, the payment of which is secured by the mortgage, is equal to the whole value of the mortgaged premises. It is not like the conveyance of the same estate to a stranger. By operation of law, and without any special agreement of the parties on the subject, it effects a discharge of the mortgage debt, either wholly if the estate is sufficient, or pro rata if of less value than the amount due. To make such a transaction, in any just sense, a voluntary conveyance as against creditors, it must be made to appear that the estate was of greater value than the debt; otherwise, it is apparent that there is a valuable and entirely adequate consideration for the conveyance, namely, the discharge of a debt of an amount equal to the value of the entire estate. As in this case there was no evidence sufficient to warrant the jury in finding that the land was worth anything more than the amount of the incumbrance upon it, the plaintiff has no just ground of exception to the ruling of the court upon the question of fraud; and the instructions which were refused were properly withheld, because they contained in terms an assumption which cannot be supported.
In regard to the rejection of the evidence offered by the plaintiff, the exception taken must also be overruled. While we do not mean to decide that the dealings between the grantor and grantee, after the time of the conveyance alleged to be fraudulent, may not in some cases be admissible, as when they appear to be parts of the same transaction, or are so near in point of
Exceptions overruled
