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HAMILTON MORTGAGE CORP. v. BOWLES

53302.

142 Ga. App. 882 (1977)

237 S.E.2d 198

HAMILTON MORTGAGE CORPORATION et al. v. BOWLES et al.

Court of Appeals of Georgia.

Decided April 11, 1977.

Judgment Adhered To On Rehearing June 21, 1977.

Rehearing Denied July 15, 1977.

Attorney(s) appearing for the Case

Cofer, Beauchamp & Hawes, James H. Rollins, for appellants.

Simmons, Martin, Warren & Szczecko, Joseph Szczecko, for appellees.

McMURRAY, Judge.

On September 12, 1973, Hamilton Mortgage Corporation made a loan to Woodcreek, Ltd., a general partnership consisting of four partners, for the purpose of the acquisition and development of real estate. This loan was secured by a deed to secure debt conveying 84.444 acres of land in Forsyth County, Georgia.

On October 22, 1975, Hamilton Mortgage Corporation declared the loan to be in default. An undivided 98.77% interest in the deed to secure...

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