Wadsworth v. Loranger
Michigan Court of Chancery
This was a bill to redeem from the defendant, a tract of land conveyed' by Antoine Laselle to Thomas 'Bell, as a security for #150 loaned, and interest, September 20, 1829, by a deed absolute on the face, but by agreement at the time, merely a mortgage for the security for the money, #150 and interest, payable in one year.
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This was a bill to redeem from the defendant, a tract of land conveyed' by Antoine Laselle to Thomas 'Bell, as a security for #150 loaned, and interest, September 20, 1829, by a deed absolute on the face, but by agreement at the time, merely a mortgage for the security for the money, #150 and interest, payable in one year. The bill sets forth the agreement as above stated, and the deed of that date, September 20, 1829, 'under'the agreement; that Bell, when the money became due, had left the country, and it was not known where he was or .could be found; that Laselle was then ready and desired…
1Opinion of the Court
The Chancellor.
The facts are briefly these: about the 20th of September, 1829, Antoine Laselle obtained from Thomas Bell, a loan of $150 for one year, and for security gave a deed of the premises in question. That before the expiration of the time, Bell absconded, and his residence has not since been known. That Laselle has since died; that the property was sold and conveyed to complainant by the administrator of Laselle, subject to this incumbrance, on the 7th day of January, 1833. That defendant knew all these facts, but yet afterwards on the 5th of March, 1836, procured a deed from Bell.…
2Cited by1 opinion
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