BEER, Judge.
On October 21, 1973, Bert Troxler and Thomas McFarlain entered into an agreement whereby Troxler would purchase a residence at 229 Diane Avenue, Jefferson Parish, for $24,000 ($3,000 cash and the assumption of a $21,000 mortgage). Troxler was to pay half of the cash payment by October 21, 1973 and the balance at the act of assumption. He paid the original $1,500
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