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ALLEN v. STORIE

1900248.

579 So.2d 1316 (1991)

John C. ALLEN v. Leonard STORIE.

Supreme Court of Alabama.

April 5, 1991.

Attorney(s) appearing for the Case

Randall O. Gladden, Huntsville, for appellant.

James M. Gaines of Smith, Gaines, Gaines & Sabatini, Huntsville, for appellee.

STEAGALL, Justice.

On April 30, 1987, Leonard Storie entered into a "Real Estate Purchase Option Agreement" with John C. Allen that involved a parcel of real estate in Madison County. Storie and Allen also entered into a mortgage agreement, involving the same parcel of property, that provided for a mortgage note in the principal sum of $165,000 and that required Allen to pay monthly installments of $1,750 to Storie on the first of each month until the note was "paid...

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