Monsen v. Stevens

On the 1st day of October, 1864, appellant purchased from Aaron K. Stiles, one hundred and twenty acres of land, and they entered into an agreement in writing, by which Stiles covenanted to convey the premises to appellant, in consideration of $200 cash, and the payment of $200 on the 1st of October, 1865, and $880, in seven annual payments, with interest at the rate of eight per cent per annum.

It was further agreed, that, in case of the failure to make either of the payments, the contract and all payments should be forfeited, and that Stiles should have the right of re-entry.

Appellant wholly…