Equibank v. Adle, Inc.

TAMILIA, Judge:

James Reader, t/d/b/a L & R Glass Company, and Zeigler Roofing and Heating, Inc., (hereinafter L & R and Zeigler) take this appeal from the September 26, 1990, Order denying their exceptions to the sheriff’s proposed schedule of distribution of proceeds obtained from the sale of property purchased by appellee/mortgagee, Equibank.

This proceeding was initiated by an action in foreclosure by appellee against defendants/mortgagors, Adíe, Inc., and Noria, Inc. On July 29, 1988, the property was sold at sheriff sale to appellee/mortgagee for $100,000. The sheriffs proposed schedule…