Lorenzen v. Jackson

Plaintiff sold real property to defendants on a conditional contract of sale. This is a suit to strictly foreclose that contract. Plaintiff appeals from a decree for defendants.

The contract was entered into July 1, 1967, for a purchase price of $16,000. At the time in question, December of 1975, all monthly payments of principal and interest were current. However, unpaid taxes had accumulated on the property of $84.18 for the tax year 1973-74; $404.19 for the year 1974-75; and $470.67 for the year 1975-76, the latter amount having become due November 15, 1975. The contract provided that "the…