Murdock
Murdock v. Clarke
Opinion
Lead Opinion
Hayne, J.
This is the second time that this case has been before the court on its merits. The action was by the administratrix of a mortgagor against the mortgagees in possession under an agreement for an accounting of the rents and profits, and to redeem the property. The trial court adjudged that there was due to the defendants the sum of $31,926.37; that upon payment thereof the defendants should reconvey the real property and redeliver the personal property; and that, if the plaintiff should fail to make such payment within thirty days, the property should “vest absolutely in the defendants.” The plaintiff appeals from the judgment, and from an order denying a new trial.
The following facts are undisputed: On February 4, 1875, Adam Murdock, the plaintiff’s intestate, borrowed from the defendant Clarke the sum of $8,500, and gave his note therefor, to become due one year after date, with interest at the rate of one and one-quarter per cent per month, payable semi-annually, and, if not so paid, to be compounded, To secure the payment of this note, Murdock made a deed to Clarke of a tract of three hundred and thirty acres known as the “Beaver Creek Ranch,” and assigned to him a…