Frisch v. Shankwitz

In 1922 the defendants owned land in Lincoln county upon which there existed a $1,000 mortgage.. *77They wished to obtain a new mortgage loan in the amount of $1,500 so as to pay üp the old mortgage and have $500 for other purposes. They went to R. B. Runke, an attorney at law at Merrill, Wisconsin, who was known to them to be a loan agent and dealer in mortgages. Runke obtained the desired loan for them and, on the 18th day of February, 1922, they duly executed their note for $1,500 bearing interest at seven per cent, and a mortgage to secure the same payable to one Naffz, from whom Runke…