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SUN FIRST NAT. BANK OF ORLANDO v. GRINNELL

No. 81-972.

416 So.2d 829 (1982)

SUN FIRST NATIONAL BANK OF ORLANDO, As Trustee, and Hattie Dann, Appellants, v. Frederick K. GRINNELL a/k/a Fred K. Grinnell, John G. Pierce, William C. Demetree and Jack C. Demetree, Appellees.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied July 9, 1982.

Attorney(s) appearing for the Case

James B. Byrne, Jr., Orlando, for appellants.

James O. Driscoll of Driscoll, Langston, Layton & Kane, P.A., Orlando, and John G. Pierce, Orlando, for appellees.

COWART, Judge.

This case involves the allegedly improper refusal of a mortgagee to release property under a partial release provision of a mortgage.

In December of 1970, Ernest C. and Hattie Dann, as sellers, and two of the appellees, as buyers, entered into a contract for the sale and purchase of 19.34 acres of land for a purchase price of $255,000, payable $66,250 down and the balance of $188,750 to be evidenced...

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