Holland v. Bradley

September 21, 1929, William E. Bradley, as vendor, and the plaintiff, as vendee, signed a contract wherein the plaintiff undertook to purchase a tract of land in Baker county for the sum of $2,000, payable $500 October 15, 1929, $300 October 15, 1930, and $300 annually thereafter until the full purchase price had been paid. The contract postponed the delivery of the deed until the entire sum of $2,000 had been paid. It contained the following provision:

“Time is hereby declared to be of the essence of this agreement, and upon the failure of the said second party to keep and perform any of the…