Does Askren have a vendors lien on the parcel that would give him the right to bring a lawsuit to foreclose on the land? Explain

UNIT 14 Involuntary Liens Against Title . . ,000. Half of the purchase price was to be paid in cash to Askren at the closing and the other half was to be paid in equal installments, together with 9% interest per year, on the rst and second anniversaries of the closing. The agreement was on a printed form, but a clause had been inserted stating that Askren's \"security [for payment of the balance of the purchase price is] to be a Cardinal . . . promissory note.\" At the closing, Askren received $125,000 in cash plus a promissory note, the terms of which were identical to those specied in the agreement of sale. Cardinal borrowed a considerable sum of money to build a hotel on the parcel it had bought. The loan was secured by a mortgage on the real estate and its improvements. The loan and mortgage were later assigned to the principal defendant in this case, Third Savings I ' Company. Cardinal went broke and failed to make either of the ments that it owed Askren. Does Askren have a vendor's I that would give him the right to bring a lawsuit to land? Explain. See Askren v. 2151' St. Inn, 988 F.2d 38