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17 Ind. 367

Burkham v. Beaver

Indiana Supreme Court

Decided December 10, 1861

Indiana Supreme Court · decided 1861-12-10

<p>Where the mortgagor lias sold his equity of redemption in the mortgaged premises, he is not a necessary party to a bill for foreclosure, but the order of sale, in such case, should be limited to the mortgaged premises, and no personal judgment taken against the holder of the equity of redemption.</p>

Relies on Shaw v. Hoadley

Good law ✅— No negative treatment on recordhow we know

Decided 1861-12-10

How this case has been cited

Cited by 12 later decisions — most recently February 1925

12 state decisions

501861187018801890190019101920decided

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Per Curiam.

¶1One Hurst mortgaged a tract of land to Beaver. Afterward, the equity of redemption was conveyed to Burkham, “subject to the mortgage.”

¶2Beaver now files a complaint to foreclose against Burkham. Shaw v. Hoadley, 8 Blackf. 165, is in point, that Hurst was not a necessary party. There was a credit on the note secured by the mortgage, of the amount of another note given toward payment; but that note had not been paid, had not operated as a payment on the mortgage, and was not deducted in rendering the decree. This was right. There is nothing to show that Bu,rkham was misled, but rather the contrary. The order of sale is limited to the mortgaged premises. There is no personal judgment against Burkham.

¶3The judgment is affirmed, with 3 per cent, damages and costs, but with this instruction, viz., that the Court below so modify its language, as to expressly exempt Burkham from personal liability.

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