Citizens State Bank v. Geisen

Statement.

Bronson, Oh. J.

This is an action to recover payments due under a contract for a deed. Trial was had to the court. Defendant has appealed from the judgment and from an order denying a new trial. The material facts are: — One Hazlett owned a half-section of land in Kolette county. He placed a first mortgage of $4000 thereupon. Shortly thereafter, on Feb. 8, 1921, he made to defendant Greisen a contract for a deed wherein Hazlett agreed to sell and defendant agreed to buy such land for a consideration of $14,400 payable as follows: — $2400 in cash, $1500 each year on Dec. 1st,…