Jackson v. Holt

The land involved in this case is located in a sixteenth section. Under the Act of February 27, 1833, it was leased on September 2&, 1835, for a period of ninety-nine years, so that the lease expired on September 26, 1934. On November 10, 1921, the unexpired lease was owned by F. Z. Jackson, and on that day he conveyed the land by a special warranty deed to the complainant, L. O. Holt, who at the same time to secure the purchase money gave to Jackson a deed of trust on the land. It is not disputed that nearly all, if not all, the principal amount of the purchase price remains yet unpaid, and…