Stokes v. McNeal

The defendant owned certain land. In order to secure money borrowed from Mrs. Lindsay, he executed to her his security deed to the land. Pie defaulted in payment of the money and Mrs. Lindsay exercised the power of sale contained in the security deed and sold the land, buying it herself. The defendant contends that thereupon Mrs. Lindsay agreed that he might stay upon said land, paying the interest on the principal debt and all costs of the foreclosure, and at the end of five years he could pay the balance of principal due and she would deed the land to him. This the defendant contends he did…