Lombard v. Gregory
Supreme Court of Iowa
Appeal from Montgomery District Court. — How. A. B. Thornell, Judge. This is an action for the foreclosure of two mortgages upon certain real estate. There was a decree for the plaintiff, and defendants appeal.
1Opinion of the CourtRothrock, C. J.
1. usury: mortgage. L On the twenty-second day of January, 1884, the defendants executed two mortgages 1)0 plaintiff, to secure the payment of seven hundred dollars. One of the said mortgages was for the sum of seven hundred dollars, with interest coupons attached to the notes secured by the mortgage, by which defendants bound themselves to pay seven per cent, per annum interest in semiannual installments. The other mortgage was for the *570same loan, and represented three-per-cent, interest on the seven hundred dollars, so that the aggregate amount of interest which appeared to be contracted for…
2Cases cited3 opinions
- Smith, Twogood & Co. v. Coopers & ClarkeSupreme Court of Iowa · 1859
- Miller v. GardnerSupreme Court of Iowa · 1878
- Sheldon v. MickelSupreme Court of Iowa · 1874
3Cited by5 opinions
- State Ex Rel. Turner v. Younker Brothers, Inc.Supreme Court of Iowa · 1973
- Lombard v. GregorySupreme Court of Iowa · 1894
- Partch v. KrogmanSupreme Court of Iowa · 1926
- Lombard v. GregorySupreme Court of Iowa · 1893
- Brown v. Cass County BankSupreme Court of Iowa · 1892