Central State Bank of Coleman v. Henderson

Appellee owed appellant bank $2,436, and on August 1, 1921, paid the debt by conveying to appellant a tract of land in Parmer county; appellant assuming an indebtedness of $5,500 against the land, these two items, or $7,936, constituting the total consideration recited in the deed. A contemporaneous written agreement provided: First, that appellant bank would reeonvey the land to appellee at any time within three years upon his paying it the sum of $2,436 and assuming the $5,500 outstanding indebtedness against the land; second, that if the bank sold the land at any time within the three-year…