In re Forfeiture of 1979 Chevrolet Corvette, VIN 1Z8749S404778, TAG YER-675

DOWNEY, Judge.

In April, 1983, Martin Van Skyhawk borrowed $4,808.28 from Citizens & Southern National Bank of Fort Lauderdale (C & S). Skyhawk executed a note therefor and a security agreement reflecting a lien upon his Corvette automobile.

On July 5, 1984, the City of Lighthouse Point (the City) charged Skyhawk with possession of contraband drugs and seized his Corvette pursuant to the Florida Contraband Forfeiture Act. Thereafter, on July 11,1984, C & S granted Skyhawk a further loan of $5,000, for which a new note was signed. A new loan application form was also filed; the Paid Out Loan…