Dierksen v. Pahl

Appellee is the owner of a tract of land comprising approximately 79 acres. On the 14th day of May, 1920, the parties hereto entered into a written contract, by which the appellee undertook and agreed to sell said premises to the appellant for the sum of $25,000, $1,000 of which was paid on the execution of the contract, $11,500 was to be paid, under thet contract, on March 1, 1921, and the balance was to be represented by a first mortgage on the premises, to run for a period of 10 years from March 1, 1921. The contract provided that full possession was to be given on or before March 1, 1921.…