Nelson v. Jardine

On November 15, 1920, respondent W. R. Jones and wife, as first parties, and appellant Jardine, as second party, made and entered into a contract in writing whereby Jones and wife agreed to sell, and Jardine agreed to buy certain real and personal property. The ■following is an important provision of the contract:

“It is understood and agreed that there is now of record against the above described property, a mortgage of $6000.00 in favor of the Northwestern Pacific Hypotheekbank, which mortgage the first parties hereby agree to take care of when the same may become due or at such earlier date…