Pinnix v. Maryland Casualty Co.
Supreme Court of North Carolina
1Opinion of the CourtSeawell, J.
1. Tbe plaintiffs, representing a junior mortgage or deed of trust, brought tbis suit to restrain tbe foreclosure of a senior mortgage or deed of trust upon tbe same land until tbe amount due on tbe senior mortgage might be ascertained and plaintiffs given an opportunity to pay said amount and be subrogated to tbe rights of tbe senior mortgagee. They claim tbat tbe note secured by tbe senior mortgage represents a considerable amount of usury, and demand tbat tbe senior claim shall be purged of usury, all interest thereon forfeited, and tbe amount claimed by defendants reduced to tbat extent.
Tb…
2Cases cited18 opinions
- Cole v. Industrial Fibre Co.Supreme Court of North Carolina · 1931
- Ripple v. Mortgage & Acceptance Corp.Supreme Court of North Carolina · 1927
- Glenn v. Farmer's Bank of North CarolinaSupreme Court of North Carolina · 1874
- Ward v. . SuggSupreme Court of North Carolina · 1893
- Ector v. OsborneSupreme Court of North Carolina · 1920
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3Cited by1 opinion
- Focus Investment Associates, Inc. v. American Title Insurance Company, Focus Investment Associates, Inc. v. American Title Insurance CompanyCourt of Appeals for the First Circuit · 1993