Lee v. Meredith

Mr. Presiding Justice Barry

delivered the opinion of the court.

Appellee’s husband, Sylvester Lee, procured a loan of $2,800 from appellant. To secure the payment thereof, Lee and his wife conveyed certain real estate to appellant and took a bond for a deed for the same premises. By the terms of the bond Lee was to pay the $2,800 in monthly payments of $40, beginning on September 13, 1903, with interest at the rate of 7 per cent per annum payable semiannually on the whole sum remaining from time to time unpaid. Lee died in 1905 and his children conveyed their interest in the premises to…