Hulsether v. Sanders

In March, 1920, plaintiff owned 720 acres of land in Lyman county, S. D., and sold the same to the defendant Elias J. Sanders, receiving as the purchase price thereof approximately $15,000 in cash, and notes executed by the purchaser representing deferred payments in the aggregate principal sum of $31,800, all dated March 1, 1920, and due March 1, 19125, with interest at 6 per cent, secured by mortgage on said 720-acre tract.

The defendant purchaser, Elias J. Sanders, appears to have kept up the interest payments which came due annually on the deferred portion of the purchase price of the…