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7 Ind. 584

Wheeler v. Hart

Indiana Supreme Court

Decided June 11, 1856

Indiana Supreme Court · decided 1856-06-11

<p>The R. S. 1843 authorized a sale of mortgaged premises under a power; but the R. S. 1852 are different.</p>

Cited by 2 later decisions — most recently May 1863

2 state decisions

Relies on Indianapolis Insurance v. Brown

Good law ✅— No negative treatment on recordhow we know

Decided 1856-06-11

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Perkins, J.

¶1Bill, under the old practice, for an injunction. Temporary injunction granted, but dissolved at the next term of the Court, on the coming in of the answer. Appeal to this Court.

¶2The facts are as follows:

¶3On the 17th of June, 1850, Wheeler was indebted to Hart, in the sum of 1,507 dollars and 91 cents. Hart held a mortgage, as security for payment, which contained a power to sell, &c. To induce Hart to give time, Wheeler agreed to pay 25 dollars a month usury, and assigned to him, as collateral' security for the 1,500 dollar debt, a mortgage on Pell and Wright, inserting in the assignment a power to sell, &c.

¶4Wheeler proceeded, in the manner pointed out, to sell the Pell and Wright mortgage, bidding it in himself. He was about to proceed to sell the land covered by the 1,500 dollar mortgage, when this bill was filed to restrain, such sale, and to restrain Wheeler from assigning the Pell and Wright mortgage, and to adjust accounts.

¶5The answer denied the allegations in the bill, so far as they charged unfairness, reception of usury, and intention to assign the Pell and Wright mortgage.

¶6If any ground for the injunction, as to the Pell and Wright mortgage, was shown by the bill, it was removed by the denial in the answer of any intention to assign it.

¶7No ground was shown for an injunction as to the 1,500 dollar mortgage. The statute then authorized the sale under the power of attorney; R. S. 1843, pp. 463, 464; and the time of payment, as extended, had elapsed. The statute is different now. 2 R. S. 1852, p. 239, s. 3.

¶8Perhaps if the original contract was not tainted with usury, any amount subsequently paid, if any was, to ob*585tain extension of time, did not vitiate the original contract. As to this we decide nothing. See 6 Blackf. 378. Bnt on the final hearing, such amount, if any was paid, may be considered in adjusting the accounts between the parties.

A. M. Crane, G. S. Orth and E. H. Brackett, for the appellant.JR. C. Gregory and JR. Jones, for the appellee.Per Curiam.

¶9The decree dissolving .the injunction, is affirmed with costs.

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