Huey v. Tipton

CRAWFORD, Judge.

Defendants, grantors under a timber deed to plaintiff, appeal from the judgment *331of the trial court sitting without a jury declaring the timber deed in full force and effect and reducing the future annual payments required by its terms.

On June 25, 1980, the parties executed a document entitled “Timber Deed” by which defendants for $60,000 cash paid by the plaintiff conveyed to the plaintiff all the timber standing on the described tract of land, 14 inches in diameter, measured 12 inches from the ground. We quote the provisions of the deed pertinent to this lawsuit:

The Grantee,…