Majority
Headnote
Judgment in Foreclosure—Stay Bond Upon Appeal—Insufficiency of Sureties—Setting Aside Void Sale.—A stay bond upon appeal from a judgment foreclosing a"mortgage is operative, notwith- , standing the pecuniary insufficiency of the sureties, until the failure of the sureties to justify after exception taken; and a sale made after the giving of such stay bond, and prior to ex-' ception taken to the sureties, is void, and should be set aside upon motion.Appeal by - defendant Karnes from an order refusing to set aside a sale of mortgaged premises under a decree of foreclosure.
Judgment in the foreclosure action was entered November 19, 1896, against the appellant Karnes and others.. On April 8, 1897, the appellant took an appeal to this court from the judgment, by giving and serving notice of appeal and filing a three-hundred dollar undertaking, which appeal is still pending.
Afterward the commissioner appointed to sell the mortgaged premises gave notice of a sale thereof to take place June 3, 1897. On May 29, 1897, the judge of the court below made an order fixing the amount of a bond to stay proceedings, under the provisions of section 945 of the Code of Civil Procedure, at three thousand and fifty dollars; and on June 2d appellant filed a stay bond in that amount, and notified the attorneys for plaintiff that such bond had been filed; and on June 3, 1897, before any attempted sale, she notified the commissioner of the filing of such bond and that no exception to the sureties thereon had been made, and objected to and pro
We think that it was error to refuse to set aside the sale. The fact that after the sale there was an 'exception to the sureties, and they failed to justify, did not make the bond inoperative at the time the sale was made. The whole matter is one of statutory regulation, and the statute governs irrespective of equitable considerations. The provision of the statute on the subject—section 948 of the Code of Civil Procedure—is that the adverse party may except to the sureties at any time within thirty days after the filing of the undertaking, and that unless the sureties, or other sureties, justify within twenty days thereafter, “execution of the judgment, order, or decree appealed from is no longer stayed.” But the execution is stayed until the expiration of the time allowed for the justification; and therefore in the case at bar, as the stay was operative when the sale was made, the latter was unauthorized and invalid. Of course, some injustice might be done a judgment creditor by the filing of a stay bond with sureties not having sufficient pecuniary ability; but the legislature has not made provision for such contingency. (See Duncan v. Times-Mirror Co., 109 Cal. 605 .) At the worst the judgment creditor would only suffer some delay through the necessity of postponing the sale until the time had arrived for the justification of the sureties.
The stay bond was sufficient in form and amount; the fact that some of the sureties are on it twice for different sums does not vitiate it, and the affidavits accompanying the undertaking were clearly sufficient.
The order of the judge fixing the amount of the stay bond-was proper and sufficient in form. (Boob v. Hall, 105 Cal. 413 .) It was not necessary for the judge to name in the order separate amounts for waste, occupation, and deficiency. It was
The order appealed from is reversed.
Temple, J'., and Henshaw, J., concurred.
Cases cited
- Swasey v. Adair 83 Cal. 136 p. 619
- Schacht v. Odell 52 Cal. 447 p. 619
- Boob v. Hall 105 Cal. 413 at 419 p. 619, p. 620
- Von Schmidt v. Widber 99 Cal. 511 at 515 p. 619
- Campbell v. Jones 41 Cal. 515 p. 619