Rumph v. Rister

Duckworth, Chief Justice.

1. While the contract for the sale of land provides for deferred payments of monthly notes of $60 each with interest at 5% until paid on a portion of the purchase money, and this did not authorize the demand of the buyer that he be allowed to pay $60 monthly with interest payments of merely $3 — yet, where such contract contains no clause providing for the giving of a security deed by the purchaser to secure the unpaid balance, nor did it authorize any provision in the notes to accelerate their payment upon the default in the payment of one, the suit by the seller…