Lamont v. Evjen

ELLETT, Justice:

This is an appeal from a judgment rendered in favor of the defendants in an action to foreclose a uniform real estate contract by treating it as a mortgage pursuant to paragraph 16(c), which reads:

In the event of a failure to comply with the terms hereof by the Buyer, or upon failure of the Buyer to make any payment or payments when the same shall become due, or within thirty days thereafter, the Seller, at his option shall have the following alternative remedies:

A. . . .

B. . . .

C. The Seller shall have the right, at his option, and upon written notice to the Buyer, to declare…