Visioneering Inc. Profit Sharing Trust v. Belle River Joint Venture

Defendant appeals from a judgment of the trial court awarding plaintiffs $107,397.01, plus interest and cost. This dispute concerns various notes executed by defendant in favor of plaintiffs. On June 10, 1970, defendant executed a mortgage in favor of plaintiff Profit Sharing Trust in the principal sum of $35,000, securing and incorporating four previous mortgage notes. On December 20, 1971, defendant executed a mortgage and mortgage note in favor of plaintiff Retirement Trust for the principal amount of $10,-000. Finally, on February 6, 1979, Joseph P. Ciaramitaro executed a mortgage note…