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PIONEER FEDERAL SAV. AND LOAN ASS'N v. REEDER

No. 83-1771.

453 So.2d 126 (1984)

PIONEER FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant, v. Robert H. REEDER, Mary L. Reeder, and Corinthian Investments, Inc., Appellees.

District Court of Appeal of Florida, Second District.

July 11, 1984.

Attorney(s) appearing for the Case

Dennis P. Thompson and Gary R. Preston of Richards, Nodine, Gilkey, Fite, Meyer & Thompson, P.A., Clearwater, for appellant.

Joel R. Tew of Helms, Mulliss & Johnston, Tampa, for appellees.

GRIMES, Judge.

Once again we are called upon to interpret the application of a mortgage due on sale clause.

On August 2, 1973, Robert H. and Mary L. Reeder (Reeders) executed and delivered to Pioneer Federal Savings and Loan Association (Pioneer Federal) a promissory note for $520,000 secured by a mortgage of certain real property. The mortgage incorporated the provisions of a "master form of mortgage" previously recorded by Pioneer Federal. Paragraph 11 of...

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