Weisser v. Kropuenske

MISER, C.

In 1920, respondent John K. Kropuenske purchased from appellant an quarter- section of land in Charles Mix county, for which he agreed to pay $16,425.99. He paid $3,500 in cash, assumed and) agreed to pay two mortgages on the land given by appellant, one for $5,000 and the other for $2,800, and gave a third mortgage to appellant securing his note for $4,812. Qn September 29, 1924, Kropuenske found himself unable to pay the taxes on the land and the interest on the three mortgages. As a result of a conference on that day between appellant and Kropuenske, appellant drew up a contract,…