Wilson v. Geisler
Illinois Supreme Court
ERROR TO RICHLAND. This was a bill filed by Geisler, March 7th, 1857, to foreclose a mortgage, and decree rendered at May Term, 1857, by default.
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ERROR TO RICHLAND. This was a bill filed by Geisler, March 7th, 1857, to foreclose a mortgage, and decree rendered at May Term, 1857, by default. The bill sets forth, that on the 7th of February, 1856, Geisler sold and conveyed to Wilson & Lewis, a lot in Olney, upon which was situated a large and valuable store house, for the consideration of $1,750, for which they executed to Geisler two notes, one for $800, the other for $950, the first due August 1st, 1856, the second due February 21st, 1857, and also a mortgage on said premises to secure the payment of said notes, etc. The bill also…
1Opinion of the Court
Catón, C. J.
This was a bill for the strict foreclosure of a mortgage, and shows that the mortgage was given for the entire purchase money of the mortgaged premises which the complainants had sold to the defendants, no part of which, nor the interest, had been paid. The bill also shows, that the value of the premises does not exceed the amount due on the mortgage, or, in the language of the bill, “ is but a slender security for the debt.” It also shows, that the defendants had absconded, and that the only security which the complainant had was the mortgage, and prays for a strict foreclosure.…
2Cited by6 opinions
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- Flagg v. WalkerSupreme Court of the United States · 1885
- McCormick v. HigginsAppellate Court of Illinois · 1914
- Chicago Exhibition Co. v. Illinois State Board of AgricultureAppellate Court of Illinois · 1898
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