Green v. Schmitt

Facts material to the controversy between the parties to this litigation appear substantially as follows: Prior to November 1, 1919, the plaintiff, Green, was the owner of a tract of land in Lyman county, S. D., approximating 345 acres. On that date Green sold the land to the defendant Schmitt for the sum of $26 per acre, taking from Schmitt, as part of the purchase price, his promissory note for $3,889.22, dated on that day and due November 1, 1922, payable at Citizens’ Trust & Savings Bank of Davenport, Iowa, where Green resided, which note was secured by first mortgage, Schmitt to Green,…