Commonwealth Building & Loan Ass'n v. Wingo

On August 25, 1926, the late Congressman, Otis Wingo, and his wife, the appellee, conveyed by warranty deed a certain eleven-acre tract of land adjacent to DeQueen, in Sevier County, Arkansas, to Robert A. Brown for a consideration of $5,500, of which $500 was paid in cash, and for the remainder notes were executed and a vendor’s lien was retained in the deed to secure the payment of the unpaid purchase money, represented by said notes. Said deed contained the following clause: “It is further agreed that, upon full compliance with all of the conditions herein set out, the grantor will release…