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PHILLIPS v. MARCIN

63866.

162 Ga. App. 202 (1982)

290 S.E.2d 546

PHILLIPS et al. v. MARCIN.

Court of Appeals of Georgia.

Decided April 28, 1982.

Attorney(s) appearing for the Case

Kenneth R. Keene, for appellants.

Stanley R. Lawson, for appellee.

DEEN, Presiding Judge.

In February, 1975, the defendants Robert and Zelma Phillips executed a promissory note to plaintiff Marcin for $29,963.82. The note was secured by a security deed to residential premises for a total purchase price of $75,000. The Phillips assumed a first loan deed in the face amount of $40,000 and gave the sellers a second loan deed in an amount equal to that of the note.

The note contained...

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