Fla. Nat'l Bank of Jacksonville v. Kassewitz

ON REHEARING GRANTED

ADAMS, J.-:

On September 28, 1945, we considered this appeal and affirmed the judgment entered below. Thereafter we granted a rehearing and re-argument.

In 1931, one Oberdorfer and others, by their promissory note, obligated to pay The Florida National Bank $14,500.00. The makers pledged to the bank another note, and a mortgage securing same, as collateral security to the primary note. The note was not paid and the Bank sued in equity to perfect its lien and to foreclose on the collateral. A deficiency decree was prayed against all defendants who might be adjudged to be…