Fla. Nat'l Bank of Jacksonville v. Kassewitz

25 So. 2d 271, 156 Fla. 761, 1945 Fla. LEXIS 985
CourtSupreme Court of Florida
DecidedSeptember 28, 1945
StatusPublished
Cited by12 cases

This text of 25 So. 2d 271 (Fla. Nat'l Bank of Jacksonville v. Kassewitz) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fla. Nat'l Bank of Jacksonville v. Kassewitz, 25 So. 2d 271, 156 Fla. 761, 1945 Fla. LEXIS 985 (Fla. 1945).

Opinions

PER CURIAM:

The record here discloses that at and before the beginning of the year 1932 the plaintiff in the court below, appellant here which will be hereinafter referred to as the Bank, was the owner and holder and payee of a certain joint and several promissory notes made and executed by Percy W. Zacharias, J. Rosenberg and Max N. Oberdorfer for the sum of $14,500.00 and was also the owner and holder of a certain note as endorsee and of a certain mortgage as assignee of the said parties above named, which said mortgage and note securing *762 same was made, executed and delivered by Associated Owners,. Inc., a corporation existing under the laws of the State of Florida, to P. W. Zacharias, Max N. Oberdorfer and Jac Rosenberg; and that on October 1, 1931, the said Zacharias, Oberdorfer and Rosenberg to secure the payment of their indebtedness to the Bank, made, executed and delivered to the Bank their contract of pledge under seal wherein and whereby they jointly and severally pledged the mortgage and note from Associated Owners, Inc. to them as collateral to secure the payment of the indebtedness to the Bank and then and there for such purpose assigned the said mortgage and endorsed the said note to the said Bank.

Neither the mortgage and note held as collateral security by the Bank nor the note made to the Bank by Zacharias, Rosenberg and Oberdorfer to the Bank was paid at maturity.

Thereafter, plaintiff filed suit in chancery against the several parties, including those above named, to foreclose its contract of pledge of the mortgage and note above mentioned, and to foreclose the mortgage and note which it held by assignment and endorsement as collateral to secure the payment of the note made by Zacharias, Oberdorfer and Rosenberg and by its amended bill of complaint made Associated Owners, Inc., a dissolved corporation, and all unknown persons or parties, whether natural, corporate or municipal, claiming any interest through, under or from said Associated Owners, Inc., a dissolved corporation, in and to the lands involved herein, and hereinafter deescribed, and Jac Rosenberg, P. W. Zacharias and Max N. Oberdorfer as and constituting the Trustees for the property of Associated Owners, Inc., a dissolved corporation; and Jac Rosenberg also known as J. Rosenberg, P. W. Zacharias also known as Percy W. Zacharias and Max N. Oberdorfer, severally, parties defendant to said cause and by apt words and figures alleged the making, executing and delivering of the note and mortgage by Associated Owners, Inc. to Zacharias, Oberdorfer and Rosenberg and the Assignment and endorsement of such mortgage and note by Zacharias, Oberdorfer and Rosenberg to the Bank and collateral and also alleged the making, execution and delivery of the note and contract of pledge by Zacharias, Oberdorfer and Rosenberg to the Bank.

*763 The bill prayed, inter alia,

“That a Special Master of this Court may be appointed to take and state an account of the amounts due plaintiff under and secured by said mortgage and evidenced and represented by said mortgage note, or otherwise, for principal, interest, taxes, abstract costs and solicitors’ fees, and other costs and charges, and of the amount due or owing by said defendants, or any or either of them to plaintiff and secured by said mortgage deed, or otherwise.
“(d) That plaintiff be decreed to have a lien on the mortgaged property hereinbefore described herein for the amount due under and secured by said mqrtgage deed and evidenced and represented by said mortgage note; and that the said Associated Owners, Inc., a dissolved corporation or its said Directors as Trustee for said dissolved corporation, or any of the defendants liable for the payment of the said several sums, may be decreed to pay, by a short day to be fixed by the Court the debt due plaintiff, including principal, interest, taxes, abstract costs and solicitors’ fees and whatever sum total may appear to be due plaintiff upon the taking of the aforesaid account and that in default of such payment the mortgaged premises hereinbefore particularly described be sold in such manner as the Court shall direct.
“(e) That the said Special Master take and state an account of the amounts due plaintiff by and from the defendants, Percy W. Zacharias, Max N. Oberdorfer and J. Rosenberg, upon, under and by virtue of their certain promissory note dated October 1st 1931 and hereinbefore described and mentioned in paragraph VIII of this amended Bill of Complaint; and that plaintiff be decreed to have a lien on the mortgage note and mortgage deed, hereinbefore particularly mentioned and described in Paragraph I and II hereof, for the payment of the amount due plaintiff on the promissory note executed by Percy W. Zacharias, Max N. Oberdorfer and J. Rosenberg to plaintiff, hereinbefore particularly mentioned and described in paragraph VIII hereof.
“(f) That, by decree of this Court, Percy W. Zacharias, Max N. Oberdorfer and J. Rosenberg be directed and required to pay to plaintiff the amount found to be due by said *764 defendants to plaintiff on account of, and upon, their promissory note, said note being hereinbefore particularly mentioned and described in Paragraph VIII hereof, and that in default of such payment plaintiff be allowed and authorized by decree of this Court, upon the sale of the mortgaged property, to apply the proceeds of the sale upon the mortgage note from Associated Owners, Inc., to P. W. Zacharias, Max N. Oberdorfer and Jac Rosenberg.
“(g) That in the event of a sale of the said mortgaged premises to satisfy the indebtedness of said defendants, Percy W. Zacharias, Max N. Oberdorfer and J. Rosenberg to the plaintiff, all defendants herein and all persons claiming by, through or under them, or any or either of them, since the commencement of this suit, may be severally barred and foreclosed of all right, title, interest, estate and equity of redemption in and to the said mortgaged premises or the proceeds of the sale.
“(h) That in the event of a sale of said mortgaged property, said Master may be ordered to convey the same to the purchaser thereof by good and sufficient instrument of conveyance free and clear of all liens and encumbrances.
“(i) That in the event such sale of the mortgaged property is had and the proceeds are unsufficient to pay the amounts decreed to be due plaintiff then, that the Special Master shall apply the proceeds of such sale in such manner and order as may hereinafter be decreed by this Court, as far as the same may extend, and that thereupon plaintiff may have a decree of this Court for such deficiency as may exist against said defendants, or any or either of them liable therefor.”

On October 29, 1941, the court entered its final decree foreclosing the mortgage for the sum of $38,217.72 plus interest at 7% from October 10, 1941, plus $250.00 allowed as attorneys’ fees, together with 6% interest per annum from the date of the decree until paid, and foreclosing plaintiff’s contract of pledge for the sum of $12,629.46 with interest until paid and retaining jurisdiction for further orders.

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Bluebook (online)
25 So. 2d 271, 156 Fla. 761, 1945 Fla. LEXIS 985, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fla-natl-bank-of-jacksonville-v-kassewitz-fla-1945.