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OVERSTREET v. BISHOP

No. BB-223.

343 So.2d 958 (1977)

H. Stanley OVERSTREET and University City Bank, a Banking Association, Appellant, v. Richard Douglas BISHOP, Appellee.

District Court of Appeal of Florida, First District.

March 24, 1977.

Attorney(s) appearing for the Case

Herbert T. Schwartz of Schwartz & Dearing, Gainesville, for appellant.

James S. Quincey, Gainesville, for appellee.

ERVIN, Judge.

This is an appeal by defendant Overstreet from a final summary judgment entered in favor of appellee Bishop who had sought declaratory judgment of his rights under an alleged balloon mortgage. Overstreet was trustee of a 384 acre tract of land. He, along with his agents Daniel and McTeer, entered into a contract to sell the land to Bishop. The total sale price was in excess of $782,000.00. The land was encumbered by two mortgages which Bishop agreed...

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