First Federal Savings & Loan Ass'n v. Consolidated Development Corp.

BARNS, PAUL D., Associate Judge.

This is an appeal from a summary final judgment of dismissal. We hold that the judgment is without prejudice and affirm.

The appellant-plaintiff, “First Federal”, in an action at law sued the appellee-de-fendants on a promissory note previously secured by a mortgage. The suit is for the deficiency remaining unpaid after crediting the proceeds of the sale of the mortgaged land made pursuant to the final decree of foreclosure. The note sued on was for the payment of $500,000.00 and was executed by the appellee-corporation, Consolidated Development Corporation, and…