Carbondale Investment Co. v. Burdick

March 12, 1889, the plaintiff in error sold and conveyed a tract of eighty acres of land to defendants in error. Contemporaneously with this sale and conveyance, and as a part of the same transaction, the defendants in error executed a note and mortgage to the plaintiff in error for the entire purchase price, $4,672, due in two years from date.. The note contained an agreement for the annual pay*518ment of interest. The mortgage stipulated for the payment of taxes on the land by the mortgagors, and declared that the entire debt should become due upon default in the payment of either interest or…