Beach, Et Ux. v. Kirk

On December 26, 1935, plaintiffs filed in the Circuit Court of Dade County, Florida, their bill of complaint in the usual form to foreclose a mortgage on real estate located in said county, and sought a decree for the sum of $11,500.00 and accumulated and unpaid interest. An answer was filed alleging that the plaintiffs reserved the sum of $1,403.78 and the delivery of a note in the sum of $11,500.00 and a mortgage securing the same and that plaintiffs wilfully and knowingly charged, reserved and exacted a rate of interest greater than 10% per annum and that the penalties exacted therefor by…