Majority
Headnote
Vendor and Purchaser—Mortgage zor Purchase Price—Tender op Deed bt Mortgagee.—One who sells land and takes a mortgage to secure the purchase money cannot enforce the mortgage without having first tendered a deed of the property.This action is upon a promissory note and a mortgage to secure it, both made by defendant Higgins to plaintiffs. The prayer is for the usual judgment in such a case. The answer set up that the consideration of the note was, that plaintiffs were to build a house, which they had not done, and that plaintiffs were to execute and deliver to Higgins a deed of conveyance of the mortgaged premises free of all liens, etc., except the mortgage sued on, and that they had
There was clearly evidence warranting the trial court in holding that it had erred in finding that the giving of the deed was not a part of the contract between the parties; and, therefore, we cannot disturb its conclusion on that issue of fact. And that being so, we cannot see how, as a matter of law, the plaintiffs can maintain an action to collect the note— the. purchase price—without '-having first tendered the deed. The mortgage, of course, was a mere incident of the debt. Respondents could certainly not enforce the execution of the deed without having given the note and mortgage. Neither party can put the other in default without first having performed, or tendered performance, of his part of the contract. The offer before the final submission of the case relied on by appellants—even if the tender of a deed after suit commenced could, in any event, be deemed sufficient—was not the tender of a deed to respondents; it was a mere offer to execute a deed and “place it in the hands of the judge of this court,” and not a tender of an executed deed to respondents. Appellants also made some other offers to respondents which certainly appear to have been very just and fair; but they do not obviate the legal difficulties of the situation.
The order appealed from is affirmed.
Temple, J., and Beatty, C. J., concurred.