Eriksen v. Fisher

On February 15, 1985, after a bench trial in the Cheboygan Circuit Court, the court entered judgment in favor of defendants dismissing plaintiffs’ complaint and holding that a mortgage note executed by the parties was not usurious. On August 1, 1985, the court entered an order *442awarding $693 in actual costs to defendant Towner for his costs associated with challenging a lis pendens filed by plaintiffs. Plaintiffs appeal as of right from both orders, and the appeals were consolidated by this Court.

Plaintiffs were the owners of an undivided one-half interest in a parcel of real property located…