Mintle v. Sylvester

*1129MorliNG, J.

By contract in question, dated June 26, 1919, defendants agreed to convey to plaintiff, on March 1, 1920, and to furnish merchantable abstract showing clear title on that date, for $140,000, of which plaintiff paid $1,000 down, gave note for $2,000, due March 1,1920, agreed to pay $37,000 on March 1, 1920, and on that date to give notes and mortgages for the balance, $100,000. Plaintiff agreed to pay the taxes for 1920. It was agreed that the time of payment of "money, interest and taxes as aforesaid is the essence and important part of this contract ; and that if any default is…