Norton v. Nathanson

Baokes, Y. C.

The object of this, bill is to set aside a transaction on the ground of usury. The defendant conveyed to the complainant a property called Castle Garden for $6,800, and loaned her $5,-200. In acknowledgment she assigned to him a mortgage of $5,000 on two houses and lots on Cooper avenue; executed a mortgage for $4,000 on lands known as the' Edwards Tract, and one for $3,000 on Castle Garden. All of the property is located at Long Branch. The defendant foreclosed the $5,000 mortgage and took title under a sheriff’s deed. The other two mortgages are being foreclosed. The complaint…