Pecos Mercantile Co. v. McKnight

The material facts pertinent to this appeal are as follows:

By deed dated December 31, 1909, recorded December 31, 1913, the appellee Waddell conveyed to R. L. McKnight two tracts of land in Ward county containing 80 acres each, and in part payment therefor McKnight executed seven promissory notes in favor of Waddell, aggregating $8,000 in amount and payable respectively on November 1st, in the years 1910 to 1916, both inclusive. In the deed it was “expressly agreed and stipulated that the vendor’s lien is retained against the above-described property, premises, and improvements until the…