Peoples State Bank of Hillsboro v. Steenson

Statement.

Bronson, J.

This is a proceeding to foreclose a contract for a deed. Tbe facts are: One Wilbelmsen owned two lots and a barn in Hills-boro, North Dakota. Tbe defendant, desiring to reconstruct tbe barn into a garage, negotiated with Wilbelmsen for their purchase. On *101April 7 th, 1920, a contract for a deed was executed between tbe parties whereby tbe defendant agreed to pay $3,000 for tbe property; $918 at tbe execution of tbe contract, $1,300 by assuming a mortgage theretofore given by Wilhelmsen to plaintiff upon tbe property, and the balance, $782 in monthly payments of $40…