Schwab v. Roberts

On October 22, 1931, plaintiff and the. defendants entered into a contract of sale for about 213 acres of farm land in Crawford county, Iowa. Under the terms of the contract, the defendants agreed to pay plaintiff therefor the sum of $7,000 and take the land subject to a mortgage for $17,000. The $7,000 was payable as follows:

‘ ‘ One dollar on the execution of the agreement; one Thous- and Dollars on June 1, 1933; one Thousand Dollars on June 1, 1934; fifteen Hundred Dollars on June 1, 1935; fifteen Hundred Dollars on June 1, 1936; nineteen Hundred Ninety-nine Dollars on June 1, 1937, with…