Minthorn v. Haines

This is a suit to foreclose a land contract, and the sole question presented for our consideration is whether the contract is usurious.

After stating the consideration, terms of payment, rate of interest, etc., the contract provides that—

“ When said second party shall have complied with all of the above terms and conditions of this contract, said first party shall thereupon convey to said second party a good and unincumbered title in fee simple of the above-described premises, subject to the timber deed heretofore mentioned and also subject to all taxes hereafter assessed against the said…