Phillips v. Eiland
Mississippi Supreme Court
Appeal from the Chancery Court of JSToxubee County. Hon. J. J. DeNNis, Chancellor. The bill alleges that Mrs. Phillips sold the land to Eiland for part cash, and his note on long time for the residue. The note matured, default was made, a deed was tendered, and payment refused.
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Appeal from the Chancery Court of JSToxubee County. Hon. J. J. DeNNis, Chancellor. The bill alleges that Mrs. Phillips sold the land to Eiland for part cash, and his note on long time for the residue. The note matured, default was made, a deed was tendered, and payment refused. The bill seeks a specific performance; alleges that the land is insufficient to pay the debt, and that the vendee is personally insolvent, and prays for a receiver to take and receive the rents and profits pendente lite. The complainant moved the court for the appointment of a receiver, made the proof to sustain the…
1Opinion of the CourtChalmees, J.
It has been repeatedly held that a mortgagee who files his bill for a foreclosure, accompanied by a prayer for the appointment of a receiver of the rents and profits pendente lite, is entitled to have such appointment made where he shows that the mortgaged property is insufficient to pay the debt and the mortgagor is personally insolvent.
We see no reason why the principle should not be the same, under a similar showing, where a vendor of land by title bond files his bill for specific performance. In such case the legal title is retained for the protection of the unpaid purchase money, and it…
2Cited by3 opinions
- Schreiber v. CareyWisconsin Supreme Court · 1880
- Moncrieff v. HareSupreme Court of Colorado · 1906
- Pearson v. KendrickMississippi Supreme Court · 1896