Stewart v. Tomis Development Co.
Supreme Court of Pennsylvania
1Opinion of the Court
VAN der VOORT, Judge:
Appellees sold a 187.062 acre tract of undeveloped land in Westmoreland County to appellant for $250,000; $50,000 was paid in cash and the balance of $200,000 by a purchase money mortgage with interest at 6%. The principal of the mortgage was to be paid in fifteen (15) yearly installments of $13,333.33. 1
The original agreement of sale dated April 27, 1972, provides that the:
[p]urchase money mortgage will provide for the release of the lien of the mortgage as acreage is sold and proceeds are paid over to Sellers on a pro-rata basis.
The purchase money mortgage and the…
Also in this document: Concurrence.
2Cases cited12 opinions
- Lawlor v. National Screen Service Corp.Supreme Court of the United States · 1955
- Schubach v. SilverSupreme Court of Pennsylvania · 1975
- Stevenson v. SilvermanSupreme Court of Pennsylvania · 1965
- McCarthy v. Township of McCandlessCommonwealth Court of Pennsylvania · 1973
- West Penn Sand & Gravel Co. v. Shippingport Sand Co.Supreme Court of Pennsylvania · 1951
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Temporaries, Inc. v. KraneSupreme Court of Pennsylvania · 1984
- Balsbaugh v. ZeckCommonwealth Court of Pennsylvania · 1985
- Cashman v. Sheaffer, Pennsylvania Court of Common Pleas, Cumberland County1984
- GAB Business Service Inc. v. Semcheski, Pennsylvania Court of Common Pleas, Lackawanna County1990
- MCI WorldCom Communications Inc. v. Atiyeh, Pennsylvania Court of Common Pleas, Lehigh County2006
1 more not listed; retrieve them via the Exa API.