Thorp v. Rutherford

On January 10,1928, Frank M. Thorp, since deceased, contracted in writing to sell to L. R. Rutherford, a certain parcel of real estate in Columbia county, Oregon, at the price of $2,500 which L. R. Rutherford agreed to pay. The terms of payment were $100 cash at the time of the execution of the contract and the balance on or before five years from date with interest at the rate of 6 percent per annum, the interest to be paid monthly, any part of the principal payable any interest pay day; vendee to pay all taxes; keep all buildings on the premises insured; time was made the essence. If all…