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INVERSIONES INMOBILIARIAS INTERNACIONALES DE ORLANDO SOCIEDAD ANOMINA v. BARNETT BANK OF CENTRAL

No. 90-1883.

584 So.2d 110 (1991)

INVERSIONES INMOBILIARIAS INTERNACIONALES DE ORLANDO SOCIEDAD ANOMINA, et al., Appellants, v. BARNETT BANK OF CENTRAL FLORIDA, N.A., Appellee.

District Court of Appeal of Florida, Fifth District.

August 1, 1991.

Attorney(s) appearing for the Case

Jerome J. Bornstein of Bornstein & Petree, P.A., Orlando, for appellants.

Dykes C. Everett, W. Graham White and James Edward Cheek, III, of Winderweedle, Haines, Ward & Woodman, P.A., Winter Park, for appellee.

COWART, Judge.

Appellant, Inversiones Inmobiliarias Internacionales de Orlando Sociedad Anomina, et al., (Inversiones), the owner of land, agreed to sell its land to Christopher Mason Company, a land developer, and to take back a purchase money mortgage for the full purchase price and to subordinate its purchase money mortgage to an "acquisition/development and/or construction" mortgage not to exceed $5 million dollars. The transaction was closed and the purchaser...

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