Court Opinion

ID: 3393988
Source: CourtListenerOpinion
Date Created: 2016-07-05 18:58:17.845553+00
Date Added: 2024-06-11T09:21:03.177469
License: Public Domain

The appeal here is from final decree dismissing bill of complaint and an amended bill of complaint after demurrers had been sustained to each. The bill of complaint sought to subject the separate property of a married woman to the payment of a note executed by the married woman and her husband which was given as evidence of their obligation to pay an indebtedness of Thirty Thousand ($30,000) Dollars. The note which is attached to the bill of complaint, and by apt words made a part thereof, contains the following provision.
    "Herewith as collateral security 250 shares Palmland Realty Company of Lucy D. Rogers, with authority to sell the same or any collaterals substituted for or added to the above without notice, either at public or private sale, at the option of the said bank or its assigns, on the nonperformance of this promise; said bank applying the net proceeds after deducting all expenses attending the conversion of said collateral into money to the payment of this note, accounting to __________ for the surplus, if any, and it is hereby agreed that such surplus or any excess of collaterals upon this note shall be applicable to any other note or claim against __________ held by this bank."
The bill of complaint seeks to subject other property of the married woman than that for which the note was given to the payment of the obligation.
The decree should be affirmed on authority of Blood v. Hunt,97 Fla. 551, 121 So. 886; Blood vs. Huey, 97 Fla. 577,121 So. 896 and Citizens Bank  Trust Co. vs. Smith, 97 Fla. 601,121 So. 900. It is so ordered.
Affirmed. ELLIS AND BROWN, J.J., concur.
WHITFIELD, P.J., AND TERRELL AND DAVIS, J.J., concur in the opinion and judgment. *Page 793