Dryfoos v. Hostetter
Court of Appeals of Maryland
1Opinion of the CourtSingley, J.
On 20 April 1967, J. Virgil Hostetter and Lois G. Hostetter, his wife (the Hostetters) sold certain unimproved property in Prince George’s County to Henry Dryfoos, III and Pauline Webb Dryfoos, his wife (the Dryfooses). Of the total purchase price, $40,000.00 was deferred, the note received by the Hostetters representing that amount being secured by a purchase money deed of trust to Paul M. Nussbaum and Herbert W. Reichelt, trustees.
The deed of trust from the Dryfooses to Nussbaum and Reichelt, as trustees, contained the following provision, the significance of which will be later discussed:
“I…
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