PETERSON, Justice.
Plaintiffs, Arthur and Opal Kurz, sold a pleasure boat to one David Morton, who promised to pay them $17,500. To secure payment, Morton assigned to plaintiffs a vendor's interest in a contract for deed to a home and surrounding land (the property) located in Excelsior, Minnesota. After Morton failed to make payment, plaintiffs brought this action to recover from David Morton and others and to impress an equitable mortgage on the property superior...
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