Supreme Court of Rhode Island July 7, 1883 (Aldrich v. Grimes)

Dureee, C. J.

This case may be shortly stated as follows. November 23, 1878, the complainant, being mortgagee of an estate in Woonsocket by virtue of a mortgage given bim by Thomas Grimes and John Grimes, sold it under a power of sale contained in the mortgage for $3,000, and, after satisfying the mortgage debt and the expenses of the sale out of the proceeds, had a surplus remaining of $262.15.