Letinsky v. Smith

Defendant was vendor in a land contract dated November 1, 1919, relating to property in Detroit. Philip Abramowitz and wife were the pur-* chasers. The consideration was $21,000. The plan of payment was $2,000 down,

“and the balance at the rate of one hundred sixty-five dollars ($165) per month or more, payable quarterly *466on the first days of February, May, August and November, until the further sum of five hundred dollars ($500) has been paid on the principal hereof, and thereafter at the rate of one hundred fifty ($150) per month or more, payable quarterly as above, including interest on all…