Hill v. Gratigny Plateau Development Corp.

MOORMAN, Circuit Judge.

On September 27, 1925, the Gratigny Plateau Development Corporation, as vendor, and “Frank J. Braun,' Trustee,” as vendee, entered into a “binder” agreement, at Miami, Fla., for the sale of Florida real estate. The purchase price was $152,500, payable $36,500 down and the balance in six semiannual installments beginning January 15, 1926. On the following day, September 28, an “agreement for deed” was executed by the same parties, in the same manner, and sealed. This agreement contained the same terms as the prior one, and in addition contained restrictive covenants as…