First Bank East v. Bobeldyk

OPINION

FORSBERG, Judge.

This is an appeal from summary judgment entered for respondent First Bank East on its claim demanding payment on a promissory note. Appellant Irving Bobel-dyk’s defense of usury was earlier stricken by order for partial summary judgment. We affirm.

FACTS

Appellant is a self-employed real estate salesman, who borrowed funds from the respondent bank beginning in 1978. He obtained a number of loans, executing a promissory note on each occasion. After 1980, these notes represented renewal loans rather than new borrowing. The terms of the last four of these notes were as…