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SELDEEN v. CANBY

[No. 90, September Term, 1970.]

259 Md. 526 (1970)

270 A.2d 485

SELDEEN v. CANBY ET AL.

Court of Appeals of Maryland.

Decided November 12, 1970.

Attorney(s) appearing for the Case

Joseph P. Blocher and Charles G. Dalrymple, with whom were Linowes & Blocher and R. Robert Linowes on the brief, for appellant.

C. Edward Hartman, II, with whom was Robert L. Burchett on the brief, for appellees.

The cause was argued before HAMMOND, C.J., and BARNES, FINAN, SINGLEY, SMITH and DIGGES, JJ.

SINGLEY, J., delivered the opinion of the Court.

In 1965, Dr. and Mrs. H.K. Vann sold their 150-acre farm in Montgomery County to Seldeen as trustee of an undisclosed trust. The record does not reveal what Seldeen paid for the farm but $368,450.98 of the purchase price was evidenced by the purchaser's promissory note, secured by a purchase-money deed of trust. The note, as described in the deed of trust, called for a $20,000 payment in reduction of principal on 6...

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