Majority
Headnote
J. Mortgages—Foreclosure—Tender—Waiver.The appeal in this case and in the case of Wells against the same defendant ( 66 N. Y. Supp. 1148 ) brings up for our consideration the question whether the residuary devisee of the mortgagor is entitled, upon payment, to have an assignment of - mortgages that have been given by the decedent upon real estate owned by her at the time of her death. Prior to June, 1900, Jane E. Gregg died leaving certain real estate upon which she had given three mortgages, one of which, for about $1,000, is held and being foreclosed in this action by the plaintiffs, and the other two, for a like amount, are held and being foreclosed by the plaintiff in the Wells action. The decedent left a will, in which the defendant, Nellie Rothwell, was the sole devisee, .and was also named as executrix. The will was duly probated, and letters testamentary issued to the said defendant on the 18th of June, 1900. The plaintiffs’ attorney in the two foreclosure actions acted for the estate of the decedent in the proof of the will. Immediately after the proof of the will there was a disagreement between the attorney and the executrix as to the management of the estate. The attorney claimed that he was familiar with the business of the decedent, and had acted for her for several years, and could manage, dispose of, and close out the estate for the best interests of the creditors and of the devisee. For that purpose he wanted the title of the real property placed in his control. This the executrix and devisee declined to do, and the attorney declined to further act for the estate, and informed the executrix that he would represent the creditors, who were mostly his clients. Thereupon, on the 20th of June, 1900, evidently at the instigation and procurement of the attorney, the
The defendant is not an heir at law of the decedent. Under the will, if that stands, she has the title, and is interested to. realize as much as possible after the payment of the debts. The plaintiffs cannot complain if they get full payment of their mortgages. The rights of general creditors are not prejudiced, and their remedies are not affected.
These actions, in some of their features, are somewhat similar to the case of Bay les v. Husted, 40 Hun, 376 , where an assignment was ordered on payment of the mortgage, and a discontinuance of the foreclosure action was directed, without costs.
Under the circumstances shown in the record before us, we are of the opinion that the defendant, being the devisee of the title, and having a right to have her interests protected, is entitled to an assignment of the mortgages and accompanying bonds upon payment of the amount thereof, with interest to the time of payment, and costs to the extent of $15 in each action; the assignment, if desired by the defendant, to be made to such person as she may designate (Twombly v. Cassidy, 82 N. Y. 155 ), the payment to be made within a time to be fixed by the order, and upon such payment the actions to be discontinued without further costs. Order reversed, with $10 costs and disbursements, and motion for assignment and discontinuance granted, upon terms stated in the opinion.
Order to be settled before SMITH, J.
Similar order in Wells v. Bothwell. •
Cases cited
- Baumann v. Pinckney 118 N. Y. 604 p. 242
- Twombly v. Cassidy 82 N. Y. 155 p. 242