Eiberger v. West

Smith, Justice.

In 1973, appellee sold appellant certain real estate for $70,000.00. Appellant executed a promissory note payable to appellee in the amount of $60,000.00 “with interest thereon from date at the rate of seven & one-half (7 1/2%) per centum per annum add on, on the unpaid balance until paid, in quarterly installments, as follows: The sum of $2,625.00 including principal and interest shall be payable quarterly in forty (40) quarterly installments, the first payment due and payable October 30, 1973; the second payment due and payable January 30, 1974; the third payment due and…