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CENTURY NAT. BANK v. WILLIAMS

No. AK-302.

422 So.2d 1065 (1982)

CENTURY NATIONAL BANK, a Corporation, Appellant, v. Wilma J. WILLIAMS, D.O., and Isiah J. Williams, Her Husband, Appellees.

District Court of Appeal of Florida, First District.

December 1, 1982.

Attorney(s) appearing for the Case

William A. Bald of Pajcic, Pajcic, Dale & Bald, Jacksonville, for appellant.

Herman S. Paul of Lewis, Paul, Issac & Castillo, P.A., Jacksonville, for appellees.

ROBERT P. SMITH, Jr., Chief Judge.

In determining that the promissory note in question capped the interest rate payable at "the maximum permitted by applicable law" existing when the note was executed, rather than as applicable law may have existed from time to time during the 10-year life of the note, the trial judge gave the contract language a permissible meaning resolving the ambiguity against the party responsible for it. Planck v. Traders Diversified, Inc...

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