McKenna v. Wilson

Plaintiffs appeal from an order of the circuit court denying their petition to discharge a real estate mortgage.

The petition alleges that on August 8, 1916, plaintiffs and others gave a mortgage to the Industrial Savings Bank, of Flint, in the sum of $8,000. This mortgage bore interest at 7 per cent., and in addition plaintiffs paid $42.60 in fees and mortgage tax; that $623.33, the balance on such mortgage,' was included in a new mortgage executed by the same parties to the same bank on June 16, 1927, in the sum of $10,000, bearing interest at 7 per cent., and on which the mortgagors paid in…