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SELLARS v. FIRST COLONIAL CORPORATION

21521

276 S.C. 548 (1981)

280 S.E.2d 805

William E. SELLARS, Trustee, Appellant, v. The FIRST COLONIAL CORPORATION, Charles Marshal Duke, The First National Bank of South Carolina, Trustee, and Fred D. Meetze, Defendants, of whom The First National Bank of South Carolina, Trustee is Respondent.

Supreme Court of South Carolina.

July 21, 1981.

Attorney(s) appearing for the Case

Michael W. Tighe and James S. Chandler, Jr., Callison, Tighe & Rush, Columbia, for appellant.

James W. Rion and J. Reese Daniel of Daniel & Daniel, Columbia, for respondent.

July 21, 1981.

LITTLEJOHN, Justice:

At issue is which of two mortgagees is entitled to $2,684.82 representing receivership monies collected during foreclosure proceedings.

Both plaintiff William E. Sellars, Trustee (Sellars), first mortgagee, and defendant The First National Bank of South Carolina (First National), second mortgagee, acquired a lien on property owned by The First Colonial Corporation, the mortgagor...

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