W. T. Price Dredging Corporation v. Suarez

— The record here discloses that Nio Suarez, on August 15, 1938, owned a building lot situated in Miami, Dade County, Florida, and entered into a contract with Alvy McDonald to construct a building thereon. The Coconut Grove Exchange Bank, on August 15, 1938, accepted a note and mortgage on said lot for the sum of $2,000.00, but the mortgage was not recorded among the public records of Dade County, Florida, until August 24, 1938. The mortgagors, Nio Suarez and wife, by an appropriate instrument, appointed the Coconut Grove Exchange Bank as their agent to retain the entire sum of $2,000.00 and…