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SECOND NAT. BANK, CLEARWATER v. WESTLAKE DEV. CORP.

No. 74-1211.

329 So.2d 326 (1976)

SECOND NATIONAL BANK OF CLEARWATER, Appellant, v. WESTLAKE DEVELOPMENT CORPORATION, Appellee.

District Court of Appeal of Florida, Second District.

March 31, 1976.

Attorney(s) appearing for the Case

R. Carlton Ward, Richards, Nodine, Gilkey, Fite, Meyer & Thompson, Clearwater, for appellant.

Carl O. Dunbar, Jr., Dunbar, Dunbar & Whitlock, Dunedin, for appellee.

HOBSON, Acting Chief Judge.

Appellant, defendant below, appeals a summary judgment directing it to execute and deliver a satisfaction of mortgage to the appellee. The appellee executed a promissory note and mortgage to appellant in the amount of $3,400,000. The proceeds from the note were to be used for the construction of Phase I of what was to be a three-phase development. Simultaneously with the execution of a note and mortgage, appellee and appellant executed...

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