Long v. Lackawanna Coal & Iron Co.

136 S.W. 673, 233 Mo. 713, 1911 Mo. LEXIS 75
Supreme Court of Missouri·Decided March 31, 1911·Published·Cited by 27 cases

Opinion

LAMM, J.

This is a suit in equity, brought on December 19, 1906, in the Jackson Circuit Court, to clear away a cloud on plaintiff’s title to a part of the southwest quarter of section 36, township 50', range 33, in Jackson county — 22 acres, more or less, described with particularity in the bill.

On May 24, 1906, plaintiff contracted in writing-with defendant, Etta O. Deshler, she signing as “E. O. Deshler,” thereby bargaining the land to her for $60,000' — $2000 paid down. The contract, being unacknowledged, was not entitled to record. At a certain time thereafter she conveyed by deed to her corporate, codefendant, the Iron Company, in which conveyance there was a narration referring to said contract, which deed was presently spread of record. The object of the suit is to cancel this deed and its record as a cloud-, upon the plaintiff’s title.

From a decree-canceling the deed, removing the-cloud cast by its record and enjoining defendants sev[720] erally and all persons claiming under them from setting up or relying upon any claim of title by virtue of said deed or contract, and finding against the right of the Iron Company to a return of said earnest money, and, on such findings decreeing that plaintiff go hence without day, discharged of such claim, defendants, on due steps, come up by appeal.

Of the pleadings:

The bill alleges the Iron Company is a Missouri business corporation, located in Kansas City; that plaintiff at the times in hand was and is the owner of the real estate in question (describing it); that on May 24, 1906', plaintiff and defendant Deshler, under the name of “E. O. Deshler,” entered into a written contract whereby plaintiff sold to her said real estate for the sum of $60,000 — $2000 down; $18,000 to be paid upon the delivery of a warranty deed; and $40',000 to be paid on or before five years from such delivery, to he evidenced by Deshler’s note, secured by a deed of trust on the land, bearing six per cent semi-annual interest, with the privilege of paying $5000 or any multiple thereof at any interest-paying period; that plaintiff, within ten days, was to furnish Deshler a complete abstract of title to said real estate, certified by a competent abstracter, from the United States Government to date, accompanied with the usual certificate; if upon examination it was found that plaintiff had a “good title in fee to said property,” he was bound to execute “a general warranty deed,” “free and clear of all liens,” and concurrently therewith Deshler was bound to pay the balance of said cash payment and deliver said note and deed of trust securing the same; “if the title to said real estate should be found defective,” plaintiff was to rectify the defects within a reasonable time, not to exceed sixty days “from the notice of such defect;” if such defects in the title “could not be cured or remedied” within that [721] period, then (if no extension of time was had) the contract became null and void and the advance payment of $2000 was to be returned to Deshler; if “the title should be good” and plaintiff had kept his part'of said contract and Deshler should fail to comply with the requirements on “his” part within eighty days as agreed, then the $2000 was to be forfeited to plaintiff; and which, contract also provided that time was made of the essence of the contract and that the sale and transfer should be consummated within ninety days of the contract date.

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Long v. Lackawanna Coal & Iron Co., 136 S.W. 673, 233 Mo. 713, 1911 Mo. LEXIS 75 (Mo. 1911).

136 S.W. 673 (Long v. Lackawanna Coal & Iron Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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