Blackwood v. Sakwinski

Plaintiff owned an apartment building in the city of Detroit and sold the same to defendant Edwin P. Sherman for the sum of $55,000, and accepted property in the village of Bancroft as a payment of $15,000. It was agreed in writing that Mr. Sherman *466should give plaintiff a mortgage for $30,000 on the apartment building, and also:

“The further assignment by good and sufficient mortgage assignment of a first mortgage in the sum of five thousand ($5,000.00) dollars with collateral note in like amount therewith, executed by present title holders, covering the one hundred sixty-six (166) acre farm…