Leighton v. Hawkins

This is an appeal from a decree of strict foreclosure entered for the plaintiff-vendor, L. D. Leigh-ton, against the defendants-purchasers of certain real property in Lincoln County.

A conditional sales contract was entered into on February 1, 1959, between Leighton and the purchasers. The purchase price was $4,000, with a $500 down payment and the balance to be paid at the rate of not less than $25 each month. Time was made of the essence of the contract. In the event of default by the purchasers, the contract gave the seller the rights:

“(1) to declare this contract null and void, (2) to…