Cameron v. Frazier

Carley, Judge.

Appellant-plaintiff contracted to buy appellee-defendant’s home on which there were two existing mortgages. The contract provided, in part, that appellant would “pay $5,000.00 cash at closing, $5,000.00 additionally to be paid in 60 days and execute note on above property in favor of [appellee] in the principal amount of $9,000.00 payable in five years at 6 months intervals at 12%, equal payments amounting to $1,201.10. Purchase price of said property shall be total cash payments, and purchase money note and the unpaid principal balance and accrued interest thereon at time of…