Case Name: Ralph I. LIPSHAW, as Trustee of The Lakeland Yogi Land Trust, Appellant, v. PEOPLES BANK OF LAKELAND, a Florida banking corporation, Appellee
Court: Florida District Court of Appeal
Jurisdiction: Florida
Decision Date: 1996-08-30
Citations: 681 So. 2d 757
Docket Number: No. 95-05166
Parties: Ralph I. LIPSHAW, as Trustee of The Lakeland Yogi Land Trust, Appellant, v. PEOPLES BANK OF LAKELAND, a Florida banking corporation, Appellee.
Judges: THREADGILL, C.J., and SCHOONOVER, J., concur.
Reporter: Southern Reporter, Second Series
Volume: 681
Pages: 757–757

Head Matter:
Ralph I. LIPSHAW, as Trustee of The Lakeland Yogi Land Trust, Appellant, v. PEOPLES BANK OF LAKELAND, a Florida banking corporation, Appellee.
No. 95-05166.
District Court of Appeal of Florida, Second District.
Aug. 30, 1996.
Rehearing Denied Oct. 9, 1996.
Jennifer E. Mouser of Mouser & Wells, P.A., St. Petersburg, for Appellant.
James P. Hahn of Hahn, McClurg, Watson, Griffith & Bush, Lakeland, for Appellee.

Opinion:
FULMER, Judge.
Ralph I. Lipshaw, as Trustee of the Lake-land Yogi Land Trust, appeals the final judgment entered against him in a foreclosure action filed by Peoples Bank of Lakeland. We affirm because the final judgment was properly entered pursuant to the terms of a settlement agreement between the parties. See 15A Am. Jur.2d Compromise and Settlement § 37 (1976); Cf. J. Allen, Inc. v. Castle Floor Covering, Inc., 543 So.2d 249 (Fla. 2d DCA 1989) (holding that, where parties compromise and settle a contract dispute, the rights and liabilities of the parties set forth in the settlement replace those of the original contract). However, the trial court's reservation of jurisdiction to enter a deficiency judgment is not supported by the terms of the settlement agreement and, therefore, that portion of the final judgment is stricken. In all other respects, the final judgment is affirmed.
THREADGILL, C.J., and SCHOONOVER, J., concur.