Goodwin v. Alston

This is a foreclosure action, with a counterclaim based upon the Usury Law.

The defendant Alston owned 400 acres of land on which the defendant Fleming held a trust deed securing a note for $50,000, dated December 12, 1946. In 1948, in two transactions, the plaintiff advanced funds for the purpose of financing the raising of potatoes on this land. In March, he advanced $40,000 and Fleming assigned to him the $50,000 note and trust deed and Alston gave him a crop mortgage in that amount as additional security. Goodwin received $51,544.90 from the proceeds of the potatoes, the last payment being…