WIDE SCOPE, INC. v. FREEDOM FEDERAL S. & L. ASSN.

No. M8701-CVE-00941.

35 Ohio Misc. 2d 25 (1987)

WIDE SCOPE, INC. v. FREEDOM FEDERAL SAVINGS & LOAN ASSOCIATION ET AL.

Franklin County Municipal Court.

Decided August 31, 1987.


Attorney(s) appearing for the Case

Jones & Troyan and John R. Perkins, Jr., for plaintiff.

Krumm, Schwenker, Fisher & Skrobot and John D. Schwenker, for defendant Freedom Federal Savings & Loan Assn.

Casimir T. Adulewicz, for defendant Ohio Valley Savings & Loan.


MARTIN, J.

This is an action to recover $6,170.32, the amount of a prepayment penalty paid by the plaintiff.

Plaintiff, Wide Scope, Inc., executed a note and mortgage on an apartment complex. The note provided that the lender had the option to declare it due and payable in full if the real estate described in the mortgage were sold. It also provided for the payment of an additional amount if the note were prepaid.

Plaintiff was liquidated and dissolved...

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