Carchidi v. Kalayjian

The plaintiffs on January 8, 1925, purchased of the defendant a building standing on land of which she *121held a lease expiring in April, 1930. The purchase price was $3,200. It was provided in the written contract of sale that the plaintiffs were to pay $10 as a binder and to pay in cash on or before April 7, 1925, $1,190, while the balance in the sum of $2,000 “shall be paid by the buyers, giving a purchase price mortgage” which was made payable in in-stalments with the option of anticipating the payments, and also of paying any part of the principal or the whole, at any time before maturity.…