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29, 1989.3 Mr. Bowers and Florence each were represented by
counsel in this modification action.
The Mandarin Residence
On January 31, 1989, Mr. Bowers purchased a newly
constructed four-bedroom house located at 12476 Blueberry Woods
Circle West, Jacksonville, Florida (the Mandarin house or
property), for the price of $144,713. Title to the Mandarin
property was placed in Mr. Bowers' name individually. The sales
contract, which Mr. Bowers signed on December 27, 1988, included
the following extra features: an upgraded lot ($2,000), brick
veneer ($6,300), additional phone, cable, and fan prewires ($20,
$25, and $60, respectively), three marble vanities ($600), pull-
down stairs ($175), shower door ($225), mantle ($150), and matrix
pad ($808). The builder estimated that Mr. Bowers' monthly
payments, including amounts for the mortgage, insurance, and
taxes, would be $1,117.
In order to buy the Mandarin property, Mr. Bowers obtained a
mortgage in the amount of $130,000. On the mortgage application,
Mr. Bowers stated that he did not intend to occupy the property
as a primary residence. On the mortgage application, he included
the Burlington property among his assets and indicated that the
3 Mr. Bowers later sued Florence on the purported underlying
debt, but the court ruled against him.
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