Schoeneman Lumber Co. v. Davis

This is an action in equity to foreclose a mechanics’ lien upon Lots 7 and 8 in Block 1, Hillcrest Addition to Sioux City. On August 9, 1920, E. M. Ward, who was then the owner of the property, entered into a contract in writing with C. O. and Della Davis, husband and wife, agreeing to convey the same to them in consideration of the payment of $1,500, — $100 to be paid on the execution of the contract,, and the balance in monthly payments of $25 per month, — all deferred payments to draw interest at 6 per cent per annum, payable semiannually, deed to be delivered upon final payment. The…