Lurton v. Jacksonville Loan & Building Ass'n

This suit was brought by appellee to foreclose a mortgage executed by Lou C. Lurton, and William S. Lurton. her husband, to secure the payment of a promissory note made by her to appellee on the 5th of June, 1893. The consideration of the note was fifty-five shares of building and loan stock in appellee, subscribed for by her at a premium of eighteen per cent, on which she received an advance payment of $4,510.

The bill alleges default in payment of interest, fines, etc., and that such default had worked a forfeiture of the mortgaged premises. Appellants interposed the defense of usury,…