GREEN RIDGE CORP. v. SOUTH JERSEY MORTGAGE CO.

No. 67-278.

211 So.2d 70 (1968)

GREEN RIDGE CORPORATION et al., Appellants, v. SOUTH JERSEY MORTGAGE COMPANY et al., Appellees.

District Court of Appeal of Florida. Second District.

May 29, 1968.


Attorney(s) appearing for the Case

Julian R. Howay, St. Petersburg, for appellants.

H. Erwin Levy of Levy & Levy, West Palm Beach, for appellees.


HOBSON, Judge.

Appellants bring this appeal from a summary final decree which foreclosed a mortgage on certain of their land. They submit that the chancellor erred in ruling against their defense of usury.

Appellants borrowed from appellees the sum of $290,000, in exchange for which they delivered to appellees their promissory note for that amount secured by the mortgage in question. Under the terms of the note $50...

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