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LAGE v. PAN AMERICAN BANK

No. 87-2135.

529 So.2d 1242 (1988)

Gonzalo R. LAGE, Appellant, v. PAN AMERICAN BANK n/k/a NCNB National Bank of Florida, Appellee.

District Court of Appeal of Florida, Third District.

August 16, 1988.

Attorney(s) appearing for the Case

Lopez, Perez-Gurri & Goldman and Jesus Huerta, Coral Gables, for appellant.

Haley, Sinagra & Perez and O. Frank Valladares, Miami, for appellee.

Before SCHWARTZ, C.J., and BASKIN, J., and JOE A. COWART, Jr., Associate Judge.

BASKIN, Judge.

The question presented in this appeal from a Final Judgment in a mortgage foreclosure action is whether the provisions of the balloon mortgage statute, § 697.05, Fla. Stat. (1987),1 govern the mortgage under consideration. We hold that the mortgage before us is a balloon mortgage subject to the provisions of section 697.05, and the lender's failure to comply with statutory...

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