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8 Blackf. 99

M'Cormick v. Digby

Indiana Supreme Court

Decided June 3, 1846

Indiana Supreme Court · decided 1846-06-03

Good law ✅— No negative treatment on recordhow we know

Decided 1846-06-03

How this case has been cited

Cited by 10 later decisions — most recently April 1978

10 state decisions

5018461850186018701880189019001910192019301940195019601970decided

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.

View the full empirical analysis of this case →

¶1TO secure a debt of 2,000 dollars due from W. to D., the former assigned to the latter two notes on B. of 1,000 dollars each, and also mortgaged to him certain real estate. The debt, except 1,100 dollars, being afterwards paid, D. gave up the assigned notes, and took W.’s notes for the 1,100 dollars. Held, that the mortgage continued as a security for the last-named sum.

¶2If a mortgagee of real estate stand by at a sale of part of the premises by the mortgagor, acquiesce in the sale, and receive the consideration of the pui*chase, that part of the premises is thereby freed from the mortgage.

¶3CA judgment against a mortgagor is a lien on the equity of redemption of the land mortgaged, and after the discharge of the mortgage, the lien is on the feeN

¶4After a mortgagee has assignedum mortgage, he cannot discharge any part of the premises from the mortgage.

¶5A mortgagee in possession, or his assignee, is accountable for the profits and for waste.

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