Wood v. Sadler

McQUADE, Justice.

Plaintiffs-respondents, Cecil S. Wood and Edna M. Wood, brought this action to foreclose a mortgage on real property, which secured a $22,257 note, executed by defendants-appellants Kenneth R. Sadler and Jeannine E. Sadler in May and June, 1964. Defendants-appellants replied with a variety of defenses and a counterclaim alleging that respondent Cecil Wood had charged usurious interest on an obligation which underlay the note in this action. Upon trial, in October, 1968, the district court took the action under advisement until a transcript was made and briefs and cross-briefs…