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KASKI v. FIRST FED. S. & L. ASSO. OF MADISON

No. 684 (1974).

72 Wis.2d 132 (1976)

240 N.W.2d 367

KASKI and others, Appellants, v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF MADISON, Respondent.

Supreme Court of Wisconsin.

Decided April 7, 1976.

Attorney(s) appearing for the Case

For the appellants there was a brief by Ken Hur Law Offices of Madison, and oral argument by J. Thomas Haley.

For the respondent there was a brief by Axley, Brynelson, Herrick & Gehl of Madison, and oral argument by Frank J. Bucaida.

HEFFERNAN, J.

The plaintiffs, Wayne E. and Lillyan Kaski, brought an action on behalf of themselves and others allegedly similarly situated to declare that an interest rate escalation clause contained in the mortgage note given to First Federal Savings and Loan Association of Madison is invalid because it is unconscionable and is vague and indefinite. They ask that the mortgage interest be restored to the rate agreed upon...

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