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SUMMA INVESTING CORP. v. McCLURE

No. 89-2037.

569 So.2d 500 (1990)

SUMMA INVESTING CORPORATION, Appellant, v. Daniel P. McCLURE and Corrine A. McClure, Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied December 3, 1990.

Attorney(s) appearing for the Case

Stanley J. Bartel, Miami, for appellant.

McGuire and Parry and Charles J. Pratt, Jr., Bradenton, Melvyn Trute, Surfside, for appellees.

Before HUBBART, BASKIN and GODERICH, JJ.

PER CURIAM.

Summa Investing Corporation [Summa] appeals the entry of the portion of a final judgment foreclosing a second mortgage and an order denying Summa's motion to correct the eighteen percent (18%) default rate of interest used to calculate the rate due under the second mortgage. We reverse.

In 1973, Herman W. Thompson and Mary Louise Thompson, then the owners of the property, executed a $28,000.00 first mortgage and note in favor of Financial Federal...

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