Applestein v. Royal Realty Corp.

The Royal Realty Corporation filed a bill for specific performance against Aaron A. Applestein, who agreed in writing to purchase from it in fee two properties, Nos. 19 and 21 West Mount Royal Avenue in Baltimore, for $10,000, of which $500 was paid in cash, $1,500 to be paid at time of settlement, which was to be within sixty days from the date of the agreement, April 18, 1940, “seller to arrange for a purchase money mortgage of eight thousand dollars ($8,000.00) for a period of five years to bear interest at four per cent (4%) per annum. Said mortgage to be amortized ten per cent (10%)…