Majority
Headnote
1. Vendor and Purchaser—Defective Title—Unsatisfied Mortgage.In March, 1895, Abraham Katz and Louis Maier made an agreement with the defendant to sell him a certain piece of property situated on Ninth street. When the time came for the execution of the conveyance, the defendant declined to take the property, for certain reasons, which will be more particularly stated hereafter, and refused to carry out the contract. This action was then brought by the executor of Katz and by Maier, to compel a specific performance on the part of the defendant of his contract to take the property. The case was tried at the special term, and resulted in a judgment for the plaintiffs,' directing the specific performance of the contract, and from that judgment this appeal has been taken.
Two objections were made by the defendant to the title. The first was that there was an unsatisfied mortgage upon the property. The facts in relation to that mortgage, as they appear by the proofs, are that there is unsatisfied of record a mortgage, dated on the 7th day of January, 1839, and recorded on the 22d of February in the same year, to secure something over $1,500. It does not
“After tiie expiration of twenty years from the time a right of action shall accrue upon any sealed instrument for the payment of money, such rights shall be presumed to have been extinguished by payment, but such presumption may be repelled by proof of the payment of some part or by a written acknowledgment of the right of action within twenty years.” 2 Rev. St. p. 301, § 48.
No proof that any payment had been made upon the mortgage was given at the trial, nor was any written acknowledgment of the right of action produced. The case, therefore, stands upon the presumption of extinguishment which is created by the statute. That presumption is undisputed in this case, and in view of it the court is required to assume that the mortgage had been extinguished, and "was no longer an incumbrance upon the property. Belmont v. O’Brien, 12 N. Y. 394 . The case just cited is precisely in point. That was a proceeding to compel a purchaser to take title to the property which he had bid off at a judicial sale. One objection to the title, among others, was that there was an unsatisfied mortgage which was an incumbrance upon the property. The mortgage had been due for something over 60 years, and the judge at the trial, relying upon the presumption of ex-tinguishment created by the statute, cited above, held that the mortgage was no longer an incumbrance upon the property. His holding was affirmed by the court of appeals, which held that, under such circumstances, the burden of proving that a payment had been made to take it out of the statute was upon the person setting up the mortgage as an incumbrance, and, if that were not done, the presumption applied, and the mortgage must be held not to be an incumbrance.
The principal objection to this title, however, is that the lot which has been sold encroaches upon the street, and also upon the adjoining lot upon the west. It is claimed that the lot encroaches one-half inch upon the street. That is disputed by the evidence, .and substantially disproved; but, if it existed, it would be of no importance. It appears from the evidence that the building has ;stood where it now does for over 30 years without objection on the part of anybody, and in such a case as that the fact that it projects a small portion of an inch upon the street is no valid objection to the title. Webster v. Trust Co., 145 N. Y. 275 , 39 N. E. 964 .
The objection is also taken that the building upon the lot encroaches something more than 3-¡- inches over the western bound
When Roberts gave this mortgage under which the plaintiff claims, he executed with it covenants of warranty and for further assurance; and at that time, as is said, he owned both lots, and was therefore at liberty to convey so much of either lot as he saw fit, and locate the line of lot number 115 wherever he desired to, and his action binds the grantees of that lot from him, as also does the covenant of warranty, which is binding upon his subsequent grantees as well as upon himself. Tefft v. Munson, 57 N. Y. 97 . So the location of this house, which he made when he owned both lots, is conclusive upon any person who subsequently became the owner of either; and a title taken by the description which he then gave, which included the property as it actually existed and was occupied by him, conveys a good title to the house as it then stood.
The judgment of the special term was therefore right, and should be affirmed, with costs. All concur.
Cases cited
- Martin v. Stoddard 127 N. Y. 61 at 63, 27 p. 777
- Belmont v. O'Brien 12 N. Y. 394 p. 777
- Webster v. Kings County Trust Co. 145 N. Y. 275 p. 777
- Race v. Stewart 5 App. Div. 598 p. 778
- Tefft v. Munson 57 N. Y. 97 p. 779