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CAPOCASA v. FIRST NAT. BANK

36 Wis.2d 714 (1967)

CAPOCASA, Appellant, v. FIRST NATIONAL BANK OF STEVENS POINT, Respondent.

Supreme Court of Wisconsin.

November 28, 1967.

Attorney(s) appearing for the Case

For the appellant there was a brief and oral argument by Robert Dewa of Madison.

For the respondent there was a brief by Peickert, Anderson, Fisher, Shannon & O'Brien of Stevens Point, and oral argument by Gerald M. O'Brien.

HEFFERNAN, J.

The mortgage executed in June of 1963 by the Capocasas provided not only that the property serve as security for the present consideration of $10,600, but also for any "further sums of money which may be or become owing" to the bank. There is no doubt that mortgages to secure future advances serve a socially and economically desirable purpose.1

Wisconsin has long recognized...

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