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LEWIS STATE BANK v. ADVANCE MORTG. CORP.

No. II-402.

362 So.2d 406 (1978)

The LEWIS STATE BANK, Appellant, v. ADVANCE MORTGAGE CORPORATION, a Michigan Corporation, Appellee.

District Court of Appeal of Florida, First District.

Rehearings Denied October 10, 1978.

Attorney(s) appearing for the Case

John D. Buchanan, Jr., of Henry, Buchanan, Mick & English, M. Stephen Turner, of Thompson, Wadsworth, Messer, Turner & Rhodes, Tallahassee, for appellant.

J. Michael Huey, of Huey, Camper & Guilday, Tallahassee, for appellee.

ERVIN, Judge.

Lewis State Bank and Warrington Village Apartments, Ltd., appeal a final summary judgment entered in favor of third party defendant Advance Mortgage Company.

Warrington, a limited partnership, obtained a construction loan from Advance in the amount of $2,789,500 for the purpose of developing an apartment complex in Pensacola, Florida. The construction loan was insured by the Department of Housing and Development (HUD). One of HUD's conditions...

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