Osburn v. Lindley

On October 2, 1920, the appellants purchased of the appellee certain real estate in Washington County, Arkansas, and paid thereon, in cash, the sum of $2,000, and executed tlieir two promissory notes in the sum of $1,000 each for the balance of the purchase money. These notes were secured by a vendor’s lien. The purchase by appellants was subject to a mortgage in favor of the Farmers’ & Merchants’ Bank of Springdale, Arkansas, for the sum of $3,000. • The appellants failed to pay the notes when due, and the appellee instituted an action to recover the amount of the.notes and to foreclose his…