Hambleton v. Jameson

143 N.W. 1010, 162 Iowa 186
CourtSupreme Court of Iowa
DecidedNovember 19, 1913
StatusPublished
Cited by2 cases

This text of 143 N.W. 1010 (Hambleton v. Jameson) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hambleton v. Jameson, 143 N.W. 1010, 162 Iowa 186 (iowa 1913).

Opinion

Deemer, J.

As already indicated, the pleadings are very [189]*189voluminous and the facts somewhat complicated. The issues are really between Hambleton, Howerton, and Rice, on the one side, and Jameson and Eggert, on the other; although Eggert really claims under Jameson. Stated as briefly as may be, the facts are substantially as follows:

Prior to the year 1909, S. Y, Eggert and Helen Pratt were the owners of the 864 acres of land in controversy, situated in Wright county, Iowa. These lands were valued at $48,000, and on September 9th, of that year, Rice, who had no right, title, or interest therein, but who knew of their selling price, entered into a contract with Hambleton and Howerton to sell them the property for a sum named, and as part payment of the purchase price Rice received from them the sum of two dollars. This contract reads as follows:

Article of Agreement. This article of agreement made and entered into on this 9th day of September, 1909, by and between F. M. Rice of Dows, Wright county, Iowa, party of the first part, and W. R. Howerton and J. T. Hambleton of Des Moines, Iowa, parties of the second part, witnesseth: That the party of the first part agrees to and does sell to the parties of the second part the following described real estate situated in Wright county, Iowa, to wit: The north half of section No. 14, township No. 90, range No. 24, except 96 acres as in accordance with the meander of the lake on the northwest corner of the above tract to be conveyed containing 224 acres more or less according to the survey. Also the south half of section No. 14, township No. 90, range No. 24, containing 320 acres, also the west half of section No. 23, township No. 90, range No. 24, containing 320 acres, making a total amount of acres in said tracts to be conveyed 864 according to the government survey thereof for the sum of $48,000.00, the same to be paid for in the following manner: $2.00 cash in hand on the execution of this contract, the receipt of which is hereby acknowledged and $2,998.00 in thirty days when abstracts are furnished showing that the title will be good and $7,000.00 on or before March 1st and at that time deed to be furnished and mortgage taken back on said land for $10,000.00 on the 224-acre tract and $28,000.00 on the 640-acre tract, making a total in mortgages of $38,-[190]*190000.00, the same to draw 5 per cent annual interest and to be payable on or before ten years, except $8,000.00 of the $24,000.00 shall be due in five years. The above payments as specified together with the mortgages is to be in full payment of said amount. Second party assumes four-tenths of ditch tax amounting to $1,216.24 with interest at 6 per cent from January, 1910, and first party is to furnish abstracts showing good and merchantable title free from all incumbrance. This contract to be binding upon the parties hereto, their heirs, executors, administrators and assigns and to be fulfilled at the Farmers’ Exchange Bank, Dows, Iowa. For the faithful performance of the above covenants and agreements witness our signatures: F. M. Bice. "W. B. Howerton. J. T. Hambleton.

On the back of the contract appears the following assignment:

For value received I hereby assign all my right and interest in and to the within contract to J. T. Hambleton without recourse on me. [Signed] W. B. Howerton.

Thereafter and on the 11th day of the same month, the following contract was entered into between Pratt and Bice:

This contract made this 11th day of September, 1909, by and between Helen Portia Pratt of Indianapolis, Indiana, and F. M. Bice of Dows, Iowa, witnesseth: That in consideration of the sum of $32,950.41 to be paid as hereinafter stated and other covenants herein contained, the said Helen Portia Pratt hereby agrees to sell and convey unto the said F. M. Bice and to his heirs or assigns the following described real estate, to wit: The south half of section No. fourteen (14) and the west half of section No. twenty-three (23), all in township No. 90, north, range No. 24, west of the 5th P. M. Deed to said land to be made as hereinafter provided to said F. M. Bice or W. B. Howerton and J. T. Hambleton, if desired by said Bice. Said land to be conveyed by said Helen Portia Pratt on March 1, 1910, by good and sufficient deed and free from all liens and incumbrances, except the drainage taxes assessed against said land which he, the said Bice [191]*191or Ms assigns is to assume and agrees to pay. Said Helen Portia Pratt also agrees to furnish abstract of title to said land showing good title thereto. In consideration whereof the said Rice agrees to pay $1,000.00 within thirty days from the date hereof, upon delivery to Mm of abstract showing good title, $3,950.41 on March 1, 1910, and on delivery of deed to execute his notes for the sum of $28,000.00, $8,000.00 to be payable on or before'five years from March 1,1910, and $20,000.00 on or before ten years from March 1, 1910, at five (5) per cent, per annum, payable annually, together with a first mortgage securing the same on all the above-described land. It is further understood that, if so desired, deed shall be made to said W. R. Howerton and J. T. Hambleton upon payment being made as herein provided and upon the execution by them of the notes and mortgages herein provided for. It is further understood and agreed that time is the essence of this contract and that, upon failure to pay any of the installments of purchase price as herein provided, the vendor may forfeit this contract by serving notice as provided by the law of the state of Iowa, and shall retain all payments made hereon. P. M. Rice. Helen Portia Pratt.

And upon the back of this contract is the following indorsement:

Dows, Iowa, October 14, 1909. For valuable consideration I hereby sell and assign to G-. H. Jameson all my right, title and interest in and to the within contract. [Signed] F. M. Rice.

On the 12th day of August, 1909, Eggert and Rice made a contract, which is as follows:

TMs agreement, made this 12th day of August, A. D. 1909, between S. Y. Eggert of the county of Hardin and state of Iowa, party of the first part, and F. M. Rice of the county of Wright and state of Iowa, of the second part, witnesseth: The party of the first part hereby agrees to sell to the party of the second part, on the performance of the agreements of the party of the second part, as hereinafter mentioned, in fee simple, clear of all liens and incumbrances [192]*192whatever, by a good and sufficient warranty deed, the real estate situated in the county of Wright and state of Iowa, to wit: The north fractional one-half of section number fourteen (14) in township number ninety (90), north, range number twenty-four (24), west of the fifty principal meridian, containing two hundred twenty-four (224) acres, more or less, according to government survey. This sale is made subject to the result and outcome of a certain action in the district court of Wright county, Iowa, wherein W. L. Watson is plaintiff and Fred Poncin et al. are defendants, appealed to the Supreme Court of Iowa, and second party shall in whole accept result of said suit and first party shall pay all the costs of said suit, for the sum of twelve thousand eight hundred eighty ($12,880.00) dollars, payable as hereinafter mentioned.

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Bluebook (online)
143 N.W. 1010, 162 Iowa 186, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hambleton-v-jameson-iowa-1913.