Sanders v. Sheets

In February, 1920, C. G. Sanders and wife, owners of certain real estate in Seattle, mortgaged it to secure the payment of a promissory note to George S. Kahin, reciting in the mortgage the terms of the note. The mortgage was promptly recorded. On March 4, 1920, Sanders and wife entered into a real estate contract with Gertrude Sheets by which they, as parties of the first part, agreed to sell the property to her, the party of the second part. Among other things, the contract which was signed by Gertrude Sheets provided as follows:

“The balance of said purchase price, the sum of $2,750 of…