Fleming v. Lon Morris College

HIGGINS, Justice.

November IS, 1926, Lon Morris College, a corporation, domiciled at Jacksonville, Cherokee county, Tex., conveyed to T. L. Fleming certain land in Camp county expressly reserving a vendor’s lien to secure the payment of ten purchase-money notes executed by Fleming for $450 each, bearing interest at the rate of 7 per cent, per annum fro'm January 1, 1927. The first note was payable January 1, 1928, and one was payable January 1st of each subsequent year. Contemporaneously with the execution of the deed and notes the parties entered into a collateral written agreement respecting…