In Re Estate of Jordan

Julius J. Olson, Justice.

Appellant on December 29, 1924, conveyed certain premises in St. Paul to Samuel M. Fink and as a part of the purchase price accepted the latter’s promissory note for $50,000 secured by a purchase money mortgage upon the granted premises. The note by its terms was made payable at the rate of $2,000 per annum on December 31 in each of the years 1929 to 1933, inclusive, and the remaining $40,000 on December 31, 1934. The interest rate was six per cent per annum, payable semi-annually. On the same day the purchaser conveyed to his father, Morris Fink, the identical…