Addison v. McEntire

Atkinson, Presiding Justice.

1. Where a purchaser of land from the owner thereof, having paid part of the purchase-price and executed a series of notes for the balance, is admitted into possession under a bond for title obligating the vendor to execute a deed conveying the land on payment of the notes, he thereby acquires an equitable interest in the land, including a right to possession and the rents and profits.

2. If the obligee dies before payment of the balance of the purchase-money, and his interest is set apart to his widow and minor children as a statutory year’s support, such interest…