Newton v. Stanley

A testator, by Ms will, gave to two of Ms sons, L. and S., absolutely, the respective sums of $250 and $á00; and J., another son, being indebted to the testator, in the sum of $1000, secured by a mortgage, he directed J. to pay those legacies to his brothers, from the mortgage fund, and bequeathed to him the balance thereof. Meld, that the legacies to L. and S. were not specific, but general, the testator merely pointing out the fund from which they were to be satisfied; and that the estate of the testator was absolutely liable for their payment. Meld, also, that the executor, being liable to L. and S. for the amount of their legacies, respectively, could maintain an action to foreclose the mortgage óf J. for the benefit of the estate.

Appeal from a judgment of the Supreme Court. The action was' brought to foreclose a mortgage executed by the defendant Stanley to Lewis Stanley, deceased, on the 9th of July, 1851, to secure the payment of the sum of $1000, in ten equal annual payments, with interest at five per cent per annum, the first payment to be made on the 1st of April, 1852. The whole of the principal sum of $1000, and interest thereon from April 1, 1852, except the sum of $80 paid on the 28th of June, 1856, was claimed to be due and unpaid; and it was not denied by the defendant. It was admitted, on the trial, that the defendant Stanley executed and delivered to Lewis Stanley, deceased, the mortgage set out in the plaintiff’s complaint, as therein alleged; and that after the execution and delivery of the mortgage, and on the 30th of April, 1857, Lewis Stanley died, leaving a last will and testament; which had been duly proved and admitted to probate and letters testamentary thereon duly issued, on the 28 th of October, 1857, to the plaintiff, who was named as executor in such will. The will was received, and read in evidence; and the sixth, seventh and eighth clauses thereof are as follows: “Sixth. I give and bequeath to my son Lewis H. Stanley the sum of two hundred and fifty dollars. Seventh. I give and bequeath to my son Solomon Stanley the sum of four hundred dollars. Eighth. I hereby direct my son James Stanley [the defendant] to pay the aforesaid sum of two hundred and fifty dollars to Lewis H. Stanley, and the aforesaid sum of 'four hundred dollars to Solomon Stanley, from the moneys due and to become due to me from him, the said James; and the said Lewis and Solomon are hereby authorized to collect and receive the same, with the interest, and at the rate and times the same shall become due from said James to me; and the balance of said debt owing to me by said James Stanley I hereby give and bequeath to him, the said James, forever.” This was all the evidence given. The defendants’ counsel then moved that the complaint be dismissed, and «the plaintiff nonsuited, for the following reasons: First. That the sixth, seventh and eighth ‘items' or provisions of the will entirely disposed of the mortgage in question, and charged the defendant James Stanley 2d, who is the mortgagor, personally with the payment of the two specific legacies which were directed to be paid out of the moneys secured by said mortgage, and the balance of said mortgage given to the defendant. Second. There is no allegation or proof, on the part of the plaintiff, showing that there was not sufficient assets, over and above the legacies, to pay the debts, nor that the defendant James Stanley has not complied with the directions given him in the eighth provision of said will. Third. The will directs the defendant Stanley to pay, and authorizes the legatees to collect and recover from him, the legacies named in the sixth and seventh provisions of said will, which deprives the- executor of any right, interest or control over the moneys secured by said mortgage. The court refused the motion for a nonsuit; to which ruling and decision the defendant excepted. The judge at special term found the facts of the giving of the mortgage; the making of the will by Lewis Stanley, deceased, in his lifetime, containing the provisions above set forth; the death of Lewis Stanley on-the 30th of April, 1857; the probate of the will, and the issuing of letters testamentary to the plaintiff, on the 28th of October, 1857, as sole acting executor of the will; that the defendant James Stanley 2d paid the interest on said mortgage, to Lewis Stanley, up.to the 1st of April, 1856, and also the sum of $80 on the 28th of June, 1856; and that no other payment has been made on said mortgage; and that no set-off or counterclaim exists, in favor of the defendant J ames Stanley, against said mortgage, or any part thereof, except such as issues, out of the bequest to him given by said will. From these facts his conclusions of law were: First. That the mortgage aforesaid is-a lien upon the premises described therein, in the hands of the plaintiff, for the amount of $650 and interest thereon from October 28, 1858, and should be enforced to that extent; and that $650 is due thereon from said James Stanley 2d to the plaintiff, as such executor, with interest from said 28th October, 1858. Second. That the said mortgage should not be enforced against the said premises, or against the defendant James Stanley 2d, for any further amount than the $650 and interest from October 28,1858: no want of assets to pay the debts of said Lewis Stanley, deceased, being alleged or proved in this action. He therefore directed the usual decree for a foreclosure and sale of the mortgaged premises, for the amount of $725.85, (being the said sum of $650 and interest thereon from October 28,1858, to the date of the decision,) and interest thereon from this date, and the costs of the action to be taxed; with a decree over against the said James Stanley 2d for any deficiency. The defendant Stanley excepted to each and every part of the conclusions of law. Judgment being entered, the defendant Stanley appealed to the general term, where the same was affirmed. lie then appealed to this court.