Schoellkopf v. Bryan

On March 23, 1911, G. H. Schoellkopf, the owner, sold a certain busi ness lot in tlie city of Dallas to M. G. O’Neil for a consideration of $1,000 cash, and three notes for $2,000, $6,000 and $35,000, respectively. The notes bore interest, payable semiannually, and were secured by the vendor’s and deed of trust liens. On September 26, 1911, O’Neil sold the lot to W. L. Spence, who assumed payment of the several notes mentioned. On February 17, 1913, Spence in turn conveyed the lot to E. P. Bryan, subject to the notes for $6,000 and $35,000; the one for $2,000 having been' previously paid.…