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BOLLING v. LAMBERSON

No. EE-219.

352 So.2d 532 (1977)

James A. BOLLING and Annette H. Bolling, His Wife, Appellants, v. Jack L. LAMBERSON et al., Appellees.

District Court of Appeal of Florida, First District.

Rehearing Denied December 22, 1977.

Attorney(s) appearing for the Case

John D. Buchanan, Jr., of Henry & Buchanan, P.A., Tallahassee, for appellants.

Lawrence M. Shoot, Miami, for appellees.

SMITH, Judge.

The mortgagees appeal from a summary final judgment entered for the mortgagors and owners in a foreclosure proceeding. The encumbered motel property was severely damaged by a hurricane, following which the mortgagors applied for a Small Business Administration loan to restore the improvements. To induce SBA to grant the loan, the mortgagees agreed in writing to "give at least thirty days notice to [SBA] prior to instituting proceedings to foreclose or...

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