McAllister v. Dravenstott

Opinion of the Court by

Judge Bees

— Affirming.

On May 2, 1931, the appellee, Carrie Dravenstott, sold and .co'nveyed to Ellen M. Rose 8% acres of land in Carter county for $4,000. The purchaser paid $50 in cash, assumed the payment of a $500 note secured by a mortgage on the property, and executed four notes for $500 each, due- January 1, 1933, 1934, 1935, and 1936, respectively, and a note for $1,450 due within five years after date and payable in monthly installments of $25, beginning July 2, 1931. A lien was retained in the deed to secure the payment of the notes. Mrs. Rose insured the…