Bridgeport Mortgage Realty Corporation v. Whitlock

The plaintiff brought this action to foreclose two mortgages on real estate. The case was tried to the court and judgment entered for the defendants upon the ground that the mortgages were null and void because of usury. The material facts are these: In 1930, Henry Russell owned a farm in the town of Stratford, and being in need of money he applied to Jacob Miller for the loan of $1000. Miller told him he would make the loan if Russell would pay a bonus of $400 and if Russell, his wife, and some third party would give a mortgage on their property as security for the loan, provided, after…