Shell v. Hardin

DUNKLIN, J.-

On March 1, 1928, B. W. Owens, joined by his wife, sold and conveyed to Emory Morgan lots 1 to 8, inclusive, in block 116, in the city of Wichita Falls. The consideration for the conveyance as recited in the deed was $23,500, of which amount $3,500 was paid in cash and the balance was evidenced by four vendor’s lien notes of $5,000 each, bearing interest at the rate of 7 per cent, per annum, payable respectively on or before one, two, three, and four years after date. A vendor’s lien was expressly reserved in the deed to secure the payment of the notes.

On December 26, 1926, Emory…