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WOODWARD V. JEWELL, 140 U. S. 247 (1891)

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U.S. Supreme Court

Woodward v. Jewell, 140 U.S. 247 (1891)

Woodward v. Jewell

No. 310

Argued April 15, 1891

Decided May 11, 1891

140 U.S. 247

APPEAL FROM THE CIRCUIT COURT OF THE UNITED

STATES FOR THE SOUTHERN DISTRICT OF GEORGIA

Syllabus

The amount involved in this case, when interest is properly computed, is sufficient to give the court jurisdiction.

A contract by a mortgagee, made on receiving the mortgage, that he will hold the securities, and that the mortgagor may "sell the property named in said deeds and make titles thereto, the proceeds of the sale to go to the credit of" the mortgagee, gives to the mortgagor power to sell for cash, free from the mortgage, but not to exchange for other lands, and does not cast upon the purchaser for cash the duty of seeing that the mortgagor appropriates the proceeds according to the agreement.





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