The Law of Mortgages of Real And Personal Property

Cover The Law of Mortgages of Real And Personal Property
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Mancius, 5 Jolin. Oh. 89. 143.
time, is not a mortgage ; and A., purchased the land, executed the con- after the time mentioned, is not entitled tract, and received from A. a release to relief in equity. Merritt o. Brown, of the surplus purchase-money ; hut 4 Green (N. J.), 286. subsequently ousted A. by an eject- A., the owner of mortgaged land, ment suit. Held, the purchase by B.
pending a process of foreclosure, agreed was in effect a loan to A., to secure with B., that B. should bid off the
... land which, title was taken by him to the at the sale, take the title, pay the land ; and that A. was entitled to re- amount of the mortgage and costs, and deem, upon payment of the agreed execute to A. an agreement to convey sums, with interest, the costs of the to him, upon payment of the sum paid ejectment, and the value of improve- by B., a small debt due from A. to B., ments made by B. ; B. being charged and 1100 ; and, in case B. was obliged with profits from the sale of parcels of to pay more for the land than the the land, and of timber, and with the amount due on the mortgage, that A.

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