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SILVER SANDS v. PENSACOLA LOAN & SAVINGS BANK

No. F-350.

174 So.2d 61 (1965)

SILVER SANDS OF PENSACOLA BEACH, INC., Frank E. Seidel and Dorothy S. Seidel, husband and wife, appellants, v. PENSACOLA LOAN & SAVINGS BANK, Appellee.

District Court of Appeal of Florida. First District.

On Rehearing April 29, 1965.

Attorney(s) appearing for the Case

Levin, Askew & Warfield, Pensacola, for appellants.

Harrell, Caro, Middlebrooks & Wiltshire, Pensacola, for appellee.

RAWLS, Judge.

Defendants Mr. and Mrs. Seidel (joined by assignee Silver Sands) by this appeal from a final decree of foreclosure in favor of the plaintiff bank contend that the bank charged them a usurious rate of interest at the outset.

Pensacola Loan & Savings Bank, a Morris Plan Bank, brought this action to foreclose a mortgage securing an indebtedness evidenced by a promissory note. The note recited a loan...

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