Sosebee v. Boswell

George Rose Smith, Justice.

This is a foreclosure suit brought by the appellee Blaylock Investment Company to enforce a deed of trust securing a loan made by Blaylock to the three appellants, Dr. and Mrs.. Sosebee and Valley View Developers, Inc. The chancellor rejected the borrowers ’ plea of usury and entered a decree of foreclosure. Inasmuch as we find that the testimony of Blaylock’s own witnesses, establishes a clear-cut case of usury we need discuss only that issue.

For several years, before the loan was made in 1965 the Sosebees, acting through the Valley View corporation, had been…