The Writings of Abraham Lincoln, Volume 5 by Abraham Lincoln
On Mortgages, to W. Dungy.
SPRINGFIELD, November, 2, 1859.
WM. DUNGY, Esq.
DEAR SIR:--Yours of October 27 is received. When a mortgage is given to secure two notes, and one of the notes is sold and assigned, if the mortgaged premises are only sufficient to pay one note, the one assigned will take it all. Also, an execution from a judgment on the assigned note may take it all; it being the same thing in substance. There is redemption on execution sales from the United States Court just as from any other court.
You did not mention the name of the plaintiff or defendant in the suit, and so I can tell nothing about it as to sales, bids, etc. Write again.