First Federal Savings & Loan Ass'n of Martin County v. Ott

McDONALD, PARKER LEE, Associate Judge.

This is an appeal from a summary final judgment wherein the trial judge cancelled and declared to have no legal effect a mortgage held by the appellant on a condominium unit owned by the appellee.

This cause was submitted to the trial judge on stipulated facts which reveal that on August 20, 1965 Crystal Lake Apartments, Inc. executed a construction mortgage to appellant, First Federal Savings and Loan Association of Martin County. On March 15, 1966 plaintiff and Crystal Lake Apartments, Inc. entered into a contract of sale and purchase of the condominium…