Lambert v. Lambert

RIDDICK, Circuit Judge.

On July 16, 1929, Thomas R. Lambert conveyed to his son, Mark V. Lambert, by a deed containing covenants of general warranty a ranch of approximately 2,700 acres in Nebraska, the deed reciting a consideration of $1, other valuable considerations, and the agreement of the grantee to pay the grantor $3,000 annually throughout the grantor’s life. A lien upon the land conveyed was reserved by the grantor to secure the annual payments from the grantee.

On the same day and as part of the same transaction, Mark V. Lambert signed a writing entitled “Agreement” affirming his…