BRYANT v. BRANCH

53720.

142 Ga. App. 189 (1977)

235 S.E.2d 688

BRYANT v. BRANCH et al.

Court of Appeals of Georgia.

Decided April 19, 1977.

Rehearing Denied May 4, 1977.


Attorney(s) appearing for the Case

Troutman, Sanders, Lockerman & Ashmore, Mark S. Kaufman, for appellant.

Charles H. Hyatt, Earnest J. Nelson, Jr., for appellees.


DEEN, Presiding Judge.

1. Open end clauses may be contained and are effective in real estate security deeds as between the immediate parties. They are likewise effective in security instruments describing personal property as collateral, and where effective an amount which was recited in the instrument as having been a part of the down payment, may, if not in fact paid, be tacked on to the the instalment note indebtedness which gave rise to the foreclosure proceeding...

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