Thompson
Thompson v. Thomas
Opinion
Lead Opinion
Kerrigan, J.
This is an appeal from a judgment in an action to foreclose a mortgage. The facts are as follows:
The mortgage contained the following provision: “The mortgagor agrees that the mortgagee may at any time without notice release portions of said mortgaged premises from the lien of this mortgage without affecting the personal liability of any person for the payment of said indebtedness, or the lien of this mortgage upon the remainder of the mortgaged premises, for the full amount of said indebtedness then remaining unpaid.”
The court in its decree decided that this provision of the mortgage was invalid, and in ordering judgment for the plaintiff directed that she credit upon the amount claimed the sum of two thousand dollars, which the court found to be the value of that part of the mortgaged premises released by her to Howard.
The plaintiff appeals from the judgment.
As we view the record there is only one important point in the ease. The appellant contends that under the provision of the mortgage quoted she had a right to grant the partial release of the mortgaged premises to Howard for less than the market value of the property so released and to hold the remainder for the…