Dreckshage v. Community Federal Savings & Loan Ass'n

PUDLOWSKI, Judge.

The history of this litigation dates back to I960.1 In that year, Frances Dreckshage *832and John and Hazel White sold farmland in northwest St. Louis County to Bill Bangert, the proponent of an ambitious development plan for the area. The Dreckshage tract covered 171 acres and was sold for $85,000. The White tract covered 110 acres and was sold for $90,000. Bangert paid $1,000 down for each tract and gave notes for the balance, payable over a 5 year period and secured by a purchase money deed of trust. The agreements provided that the sellers would retain possession of all crop…