Mathews v. Meyers

On October 30, 1926, the plaintiffs sold to J. W. Meyers, C. N. Scott and C. J. Bollin the standing timber on a tract of land in Alleghany county, estimated to contain 5,678 acres, which tract was made up of eight smaller tracts. The consideration therefor was *428$45,000.00, of which. $10,000.00 was paid in cash and the remainder was evidence by purchase money notes which fell due in installments, and which were secured by a trust deed to C. P. Barnett, trustee, of even date. Both of these deeds were promptly recorded.

In the deed of trust it was provided that the purchasers should have the right…