Medeiros v. Scarpitti Investment Corp.

Final decree affirmed with, costs of appeal. An. heir of the late John Souza seeks by this bill in equity to obtain the discharge of a mortgage (on real estate in which she now has an interest) given by Souza to the defendant (Scarpitti) to secure a note of September 21, 1955, for $350 “with interest at . . . two per cent per month payable monthly.” The mortgage was also “to secure any future indebtedness.” Scarpitti, which was not licensed to make small loans (G. L. c. 140, § 96, as amended through St. 1941, c. 158, § 1), later received from Souza on the same terms several notes, each for…