GREENBERG, J., May 17, 1967.
The facts in the instant case are not in dispute, and can be succinctly summarized. This is a motion of defendants, debtors on a second mortgage, to strike a judgment entered by confession upon their bond and warrant. The dispute centers around a two percent "placement fee" required to be paid each year during the five year term of a second mortgage, in addition to the six percent interest on the principal.
The terms of the original...
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