Olson v. Pixler Et Ux.

On August 24, 1925, defendant contracted in writing to buy a certain piece of real estate in Portland, Oregon, for the sum of four thousand dollars, of which sum three hundred was paid down and the balance was to be paid at the rate of thirty-five dollars per month until the full sum should be paid, with interest on deferred payments at the rate of 6% per annum. Defendant further agreed to pay all taxes, assessments for sewers and street assessments, and to keep the building insured. Time was made the essence of the contract. The contract contained the usual forfeiture clause that in case of…