Brown v. Chowchilla Land Co.

This action was brought for specific performance of three separate contracts for the purchase and sale of different pieces of real estate. The contracts provided for monthly payments of interest and part of principal on the first day of each month extending over a period of seven and one-half years, although the purchaser had the privilege of paying the full amount sooner. The contracts contained these covenants:

“And it is further agreed that in case of a default in the payment of any of said sums, or any installment or interest clue thereon, for the period of two months after they become…