Meigs v. McFarlan
Michigan Supreme Court
Appeal from Wexford. (Aldrich, J.) Bill to redeem. Complainants'appeal. The facts are stated in the opinion.
1Opinion of the CourtCampbell, J.
This case was begun as one to redeem lands from an equitable mortgage.
On May 6, 1884, Ward P. Smith, of Mantón, in Wexford county, sold by contract to Rachael Hyde, of the same place, the north half of lot 20, on the railroad plat, of that Tillage, for $250 and interest, payable in monthly installments of $10 each until paid. The contract pro-Tided that the grantee should haTe possession. There was *197no provision for paying sooner. All the installments falling due were paid. Mrs. Hyde built on the land.
On the 11th of August, 1884, Mrs. Hyde mortgaged this contract to defendant, McFarlan, by…
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