Metropolitan Bank & Trust Co. v. Prestridge

ALFORD, Judge.

The defendant, Richard Donald Pres-tridge, appeals the trial court’s judgment in favor of the plaintiff, Federal Deposit Insurance Corporation (FDIC) whereby the court granted the summary judgment as prayed for, finding against Prestridge for the principal amount of $2,400,000.00 due on the promissory note plus interest, attorney’s fees and court costs. The judgment also recognized and maintained the pledge of the Ne Varietur Note and the Collateral Mortgage held by the FDIC on Prestridge’s property.

BACKGROUND

The facts are shown by the pleadings, answers to interrogatories,…