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SNEAD CONST. v. FIRST FED. S & L ASS'N

No. X-545.

342 So.2d 517 (1976)

SNEAD CONSTRUCTION CORPORATION, a Florida Corporation, Appellant, v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF ORLANDO and Daytona Beach Federal Savings & Loan Association et al., Appellees.

District Court of Appeal of Florida, First District.

Rehearing Denied March 10, 1977.

Attorney(s) appearing for the Case

Neil A. Devaney of Welbaum, Zook, Jones & Williams, Miami, for appellant.

David W. Hedrick of Giles, Hedrick & Robinson, Orlando, for appellees.

SMITH, Judge.

Snead, prime contractor for three motel projects in Daytona Beach, appeals from a final summary judgment dismissing its claim against the institutions which lent the construction funds. As a result of a dispute between Snead and the owner, Snead filed mechanic's liens, the lenders stopped disbursing the construction funds and construction halted. By this action Snead seeks alternatively (1) to have the lenders' previously recorded mortgages subordinated...

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