Genvest General Investments v. Lake Nona Corp.

UNGARO, U., Associate Judge.

Appellee Lake Nona Corporation (“Lake Nona”) sued appellant Genvest Investments (“Genvest”), pursuant to Chapter 86, Florida Statutes, for a judicial declaration that it had paid all sums due under a certain mortgage note entitling it to cancellation of the mortgage note and a satisfaction of the underlying mortgage. Genvest responded that the mortgage note had not been paid in full because Lake Nona owed interest on delinquent installment payments. The trial court, on cross-motions for summary judgment, found that the mortgage note was non-interest bearing with…