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CAULDER v. LEWIS

22441

287 S.C. 372 (1986)

338 S.E.2d 837

Sybil C. CAULDER, Appellant, v. Robert L. LEWIS, Dorothy B. Lewis, Georgia Farm Buildings, Inc. and Dixie Specialty Co., Inc., Defendants, of which Robert L. Lewis and Dorothy B. Lewis are Respondents.

Supreme Court of South Carolina.

Decided January 8, 1986.

Attorney(s) appearing for the Case

Marvin P. Jackson, Jr., Florence, for appellant.

J. Allen Lewis, Jr., of Yarborough, Lewis, Weaver & Stewart, Florence, for respondents.

Heard Nov. 20, 1985.

Decided Jan. 8, 1986.

CHANDLER, Justice:

This case involves a mortgage foreclosure. The Circuit Court held the mortgagee was estopped to enforce an "acceleration" clause. We reverse.

FACTS

Mortgagors (the Lewises) purchased a house in Florence County from mortgagee (Caulder) in 1977.

The Lewises gave Caulder a purchase money note and mortgage requiring that installment payments of $202.86 be

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