Reed & Sherwood Manufacturing Co. v. Jones

Holt, Justice.

The sole question on this appeal is whether the purchase money mortgage of respondent was correctly decreed superior to plaintiff’s mechanic’s lien allowed against the farm of defendant Jones. Respondent, on September 10, 1935, was the owner in fee of a farm in Anoka county, and by contract for deed agreed to sell the same to defendant Jones for $3,000, $300 thereof to be paid in cash before deed was given, and $2,700 by a promissory note secured by executing a purchase money mortgage on the farm. The cash payment was made so that on October 4, 1935, the deal was closed by the…