(DOWNLOAD) "Raleigh W. Rice Et Ux. v. First Federal Savings and Loan Association Lake County" by Second District Court of Appeal of Florida # eBook PDF Kindle ePub Free

May 04, 2021

eBook details

Title: Raleigh W. Rice Et Ux. v. First Federal Savings and Loan Association Lake County
Author : Second District Court of Appeal of Florida
Release Date : January 16, 1968
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 74 KB

Description

Per Curiam. Appellants are appealing a judgment foreclosing a mortgage on a building which they owned. Appellants borrowed $12,000 from appellee and delivered to appellee their promissory note for that amount. As security, they gave appellee a mortgage on the building which was to be constructed partly with the loan proceeds. Appellee deducted from the loan proceeds, as a fee for ""inspection and supervision,"" an amount equal to one per cent thereof. An agent of appellee, in fact, made inspections of the construction site. Soon after the completion of the building, because of certain defects in the construction, its wall began to crack extensively, causing considerable damage.