Michigan Supreme Court June 6, 1927, Docket No. 67. (George v. Smilansky)

*701

Bikd, J.

In 1922 plaintiffs were the owners of lot 3 and the southerly 23.03 feet of lot 2 of Winder’s subdivision of park lots 6 and 7, in the city of Detroit, subject to a mortgage of $100,000. In October of that year they sold it to defendants on contract for $450,000, payable $75,000 on the execution of the contract, and $75,000 yearly until paid.