FIDELCOR MORTGAGE COMPANY OF GEORGIA, INC. v. TYROFF

39521.

250 Ga. 900 (1983)

302 S.E.2d 96

FIDELCOR MORTGAGE COMPANY OF GEORGIA, INC. v. TYROFF et al.

Supreme Court of Georgia.

Rehearing Denied May 24, 1983.


Attorney(s) appearing for the Case

Lefkoff, Pike, Fox & Sims, Jerry L. Sims, Alexander P. LeVorse, for appellant.

Jones, Ludwick & Malone, Timothy R. Brennan, Taylor W. Jones, for appellees.


CLARKE, Justice.

Appellees Trio (a corporation) and Tyroff (an individual) issued a promissory note to Fidelcor as part of a loan agreement of December 24, 1980. The interest payable was, by agreement of the parties, to "float" from month to month at 6 percent above the prime interest rate charged by Fidelity Bank of Philadelphia. Two deeds to secure debt were granted Fidelcor, a security deed to corporate property given by Trio and a second security deed given by...

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