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FED. DEPOSIT INS. CORP. v. KIRKLAND

20863

272 S.C. 310 (1979)

251 S.E.2d 750

FEDERAL DEPOSIT INSURANCE CORPORATION, Appellant, v. Stancel E. KIRKLAND, Respondent.

Supreme Court of South Carolina.

January 29, 1979.

Attorney(s) appearing for the Case

J. Randolph Pelzer, North Charleston, and Charles H. Gibbs of Sinkler, Gibbs & Simons, Charleston, for appellant.

Henry H. Taylor and S. Jahue Moore of Kirkland, Taylor, Wilson & Moore, West Columbia, for respondent.

January 29, 1979.

LEWIS, Chief Justice:

Among the assets coming into the hands of appellant, Federal Deposit Insurance Corporation, as the result of the closing of American Bank and Trust Company, was a note in the amount of $127,700.00, signed by Cecil Development Company, Inc., Anthony P. Cecil, and respondent, Stancel E. Kirkland, and secured by a mortgage from Cecil Development Company over certain real property...

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