Becker v. Olkon

Action to cancel two promissory notes and two mortgages securing the same as void for usury. Findings were made in plaintiff’s favor. Defendant appeals from the order denying a new trial.

Plaintiff’s brother, John A. Becker, held a registered title to the three contiguous lots 13, 14 and 15, block 1, of G. Y. Bacon’s subdivision in the city of St. Paul. While such owner and on December 3, 1925, John gave a mortgage on lots 13 and 14 to secure his promissory note for $500. The mortgagee assigned the mortgage to defendant. On February 8, 1926, John, then owner of lot 15, gave a deed thereof to…