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CONTINENTAL MORTGAGE v. QUAIL RUN ASSOCS.

0051

280 S.C. 409 (1984)

312 S.E.2d 272

CONTINENTAL MORTGAGE INVESTORS, Respondent, v. QUAIL RUN ASSOCIATES; J.P. Maloney, Jr.; Alvin L. Harmon; Thomas A. Spain; Ryan Pinckney Construction Specialties, Inc.; Comprehensive Land Planning Consultants, Inc.; and Beaufort County, South Carolina, Defendants, of whom Quail Run Associates; J.P. Maloney, Jr.; Alvin L. Harmon; Thomas A. Spain are Appellants. Appeal of QUAIL RUN ASSOCIATES, J.P. Maloney, Jr., Alvin L. Harmon, Thomas A. Spain.

Court of Appeals of South Carolina.

January 23, 1984.

Attorney(s) appearing for the Case

Robert W. Dibble, Jr., and Robert E. Stepp of McNair, Glenn, Konduros, Corley, Singletary, Porter & Dibble, Columbia, for appellants.

Howell V. Bellamy, Jr. of Bellamy, Rutenberg, Copeland, Epps, Gravely, & Bowers, Myrtle Beach, and George L. Palmer of Westmoreland & Palmer, Hilton Head Island, for respondent.

Jan. 23, 1984.

CURETON, Judge:

This case arises out of a mortgage foreclosure action affecting real and personal property located on Hilton Head Island, South Carolina. Continental Mortgage Investors (CMI) seeks a foreclosure judgment based on various alleged defaults under the terms of several notes, mortgages and loan agreements. Quail Run Associates (QRA) counterclaimed alleging a prior breach of the Sound Modification of Loan Agreement (Second Agreement...

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