Samuel Nelson, Howard v. Bugbee — Opinion of the Court
“ In March, 1846, proceedings were instituted in the court of chancery to foreclose the mortgage for default in payment; and in September, 1848, Howard, the appellant, became the purchaser of the premises, under the decree of foreclosure, and held a deed of the same duly executed by the proper officer.In January, 1842, the Legislature of the State of Alabama passed an act authorizing a judgment creditor of the mortgator, or of his estate, at any time within two years after the sale under a mortgage, to redeem the land from the purchase on paying the purchase money, with a certain per cent. ”
