RICE v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY

No. 67-231.

207 So.2d 22 (1968)

Raleigh W. RICE et ux., Appellants, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY, Appellee.

District Court of Appeal of Florida. Second District.

February 16, 1968.


Attorney(s) appearing for the Case

Walter Warren, of Warren, Warren & Austin, Leesburg, for appellants.

Charles B.P. Sellar, Leesburg, for appellee.


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...

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