Hamilton v. Laesch

This is an appeal from an amended final decree of the Circuit Court of Dade County, Florida, in a foreclosure suit. The mortgage involved contained a clause to the effect that the mortgagor was granted the right and privilege to subdivide the mortgaged property into block and lots and upon payment of an amount of $1,150.00 per lot, the same would be released or discharged from the said mortgage lien. The mortgage was dated May 15, 1925, and recorded in Mortgage Boole 417, page 34, of the public records of Dade County, Florida, on May 18, 1925. It is admitted that the mortgaged premises lie…