Attorney(s) appearing for the Case
Charles R. Gardner, Tallahassee, Fla., for First Federal Savings and Loan Association of Gadsden Co.
W. Spencer Mitchem, G. Edison Holland, Jr., Pensacola, Fla., for Mutual Federal Savings and Loan Association of Pensacola.
Lawrence M. Watson, Jr., Orlando, Fla., Joseph R. Boyd, Tallahassee, Fla., for Peterson.
Robert L. Stone, William H. F. Wiltshire, John P. Kuder, Pensacola, Fla., for Angelo and Herring.
Charles Sherrill, Pensacola, Fla., for Pensacola Tractor & Equipment Co., Inc.
Antony E. Fiorentino, Pensacola, Fla., for Fausz, Fiorentino and Schwartz.
Harvey Simon, Washington, D. C., amicus curiae, Federal Home Loan Bank Board.
United States District Court, N. D. Florida.
PARTIAL SUMMARY JUDGMENT
HIGBY, District Judge.
The Plaintiffs in these consolidated cases seek a judgment declaring the due-on-sale clauses in their mortgages legal and enforceable and that federal regulation of the subject preempts all impeding state law.1 Needless to say the Defendants disagree. Due-on-sale is the popular term for mortgage acceleration clauses which give a lender...
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