Majority
Headnote
Foreclosure—Agreement eor Receiver—Motion to Appoint Pendente Lite.This is an action to foreclose a mortgage on real property, and motion is made for a receiver of the rents and profits pendente lite. The motion is based entirely on a clause in the mortgage providing for such a remedy, no allegation being made as to the sufficiency or insufficiency of the security. On authority this motion must be denied. Sickles v. Canary, 8 App. Div. 308 , 40 N. Y. Supp. 948 ; Brick v. Hornbeck, 19 Misc. Rep. 218 , 43 N. Y. Supp. 301 ; Degener v. Stiles (Sup.) 6 N. Y. Supp. 474 . But, apart from precedents, I think the results should be the same. The remedy by receiver is sui generis, and an outgrowth of the precedents and practice of equity. In a sense it is disseisin" before judgment. If a mortgagor should stipulate as a part of the mortgage that he would not defend a suit to foreclose, or that the time to answer or notice for trial in such an action should be five days, it would hardly be claimed that such a stipulation could be enforced. I am not able to see how an agreement for a receiver pendente lite stands on a different basis. Of course, an agreement for a receiver is enforceable, but enforceable as other agreements are, after trial, and by and through a judgment, and not on summary application and practically by mesne process.
The practice allowing a receiver, standing as an exception to the rule, though well recognized and understood, I do not think can be extended by agreement. Motion denied, with $10 costs in the cause to defendant, but without prejudice to application on other grounds.
Motion denied, with $10 costs to defendant, without prejudice to application on other grounds.'
Cases cited
- Sickels v. Canary 8 App. Div. 308 p. 97
- Brick v. Hornbeck 19 Misc. Rep. 218 p. 97