District Court of Appeal of Florida June 12, 1991, No. 90-0970 (Hibbs v. Perry)

STONE, Judge.

The appellant was the plaintiff in a mortgage foreclosure. The trial court determined that a wraparound note and mortgage to the appellant from the appellees was usurious and unenforceable pursuant to Florida Statutes Chapter 687. We conclude that the transaction was not usurious and reverse.

The Perrys purchased the real property in question from Southeast Scott, Inc.