Jos. S. Naame Co. v. Louis Satanov, C., Corp.

The complainant files its bill alleging that on the blank day of September, 1926, it and defendant company entered into an agreement, wherein the defendant agreed to convey to the complainant a certain tract of land therein described, for the sum of $185,000. The complainant agreed to secure the payment of said sum by the execution of a bond and mortgage in like amount, payable within ten years, with the obligation of paying $5,000 on account on the principal at the expiration of each year after the first year.

It was further provided that "within sixty days after having acquired title to the…