Petersen v. Ridenour

ASHBURN, J. pro tem. *

Plaintiffs Petersen sued defendant Ridenour to quiet title to a certain residence property which was owned in fee by plaintiffs on November 15, 1948. On that day they entered into a contract to sell the property to the Ridenours for a price of $10,600, payable $750 down, and $100 on January 1, 1949, and $100 on the first day of each succeeding month for 30 months and thereafter $56.85 per month “until the full balance of the F.H.A. and G.I. Loans are paid,” with interest at the rate of 6 per cent per annum payable monthly for 30 months and thereafter at the rate of 4 per…