Chapman v. Nation

Sognier, Judge.

Helen Nation brought a dispossessory action against Russell F. Chapman after purchasing Chapman’s home at foreclosure proceedings instituted by her. The trial court entered judgment in favor of Nation, and Chapman appeals.

The parties stipulated the following facts: In order to complete *633the construction of his home, on May 22, 1986 appellant executed a promissory note to appellee for $55,200. Monthly payments were due on the 20th of each month beginning June 20, 1986 and each month thereafter until May 20, 1993, when a final, balloon payment was due. The note provided that if…