McINTURFF, C.J.
Mr. and Mrs. Gerald Southards appeal the granting of a forfeiture in a lease-option agreement.
In the summer of 1971, Elmer A. Olney leased 80 acres of farmland to Mr. and Mrs. Southards with an option to purchase the property for $30,000 (less lease payments) prior to the expiration of the lease on February 28, 1976. The lease, among other provisions, required the Southards pay as rental the sum of $1,000 on or before the 1st day of March...
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