Davis v. Rider
Michigan Supreme Court
Appeal from Jackson Circuit in Chancery. The bill in this case was filed to foreclose a mortgage given by the defendant Lorenzo J. Rider to the complainant, dated the 8th day of March, 1855. The bill alleged that the mortgage was given upon certain premises in the village of Grass Lake, in the county of Jackson, to secure the purchase-money of said premises, and was upon the following condition: “Provided always, and these presents are upon this express condition, that if…
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Appeal from Jackson Circuit in Chancery. The bill in this case was filed to foreclose a mortgage given by the defendant Lorenzo J. Rider to the complainant, dated the 8th day of March, 1855. The bill alleged that the mortgage was given upon certain premises in the village of Grass Lake, in the county of Jackson, to secure the purchase-money of said premises, and was upon the following condition: “Provided always, and these presents are upon this express condition, that if the said party of the first part, pay to the said party of the second part, the sum of $792.02, or cause the same to be…
1Opinion of the Court
Campbell J.:
This was a bill filed to foreclose a mortgage. On October 7th, 1854, George executed to Rider a promissory note, of which the following is a copy: “One year from date, for value received, I promise to pay Lorenzo J. Rider, or bearer, §785.87, with interest at ten per cent.; and if said money and interest is not paid at maturity, the ten shares of capital stock of the Peterboro and Shirley Railroad, hereby assigned to secure the payment aforesaid, is to be deemed and taken as forfeit. Interest semi-annually.” Accompanying this note was an assignment of the stock, reciting that the…
2Cited by4 opinions
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- Longyear v. JenningsMichigan Supreme Court · 1923
- Union Guardian Trust Co. v. Marquette Park Co.Michigan Supreme Court · 1942
- Brong v. BrownMichigan Supreme Court · 1879