Harding v. Hagler

On May 33, 1923, appellees sold to Clem A. Schaer lot one (3), block thirteen (13), Kimball’s South Park Addition to the city of Little Rock, for a consideration of $12,000, $5,500 of which was in cash and $6,500 evidenced by one note signed by said Schaer, having an accelerating clause" providing that the whole amount of the note might be declared due on failure to pay any installment of interest thereon. This note ivas secured b)r vendor’s lien in the deed executed and delivered to Scliaer. The cash payment añade by Schaer was obtained from the Union Trust Company by the execution of ten…