GAY v. FIRST NAT. BANK

74554.

184 Ga. App. 340 (1987)

361 S.E.2d 492

GAY v. FIRST NATIONAL BANK OF ATLANTA.

Court of Appeals of Georgia.

Rehearing Denied September 29, 1987.


Attorney(s) appearing for the Case

Thomas H. Hinson II, for appellant.

J. Ellsworth Hall III, for appellee.


POPE, Judge.

In May 1984 Professional Premium Services, Inc., borrowed $70,000 from The First National Bank of Atlanta, appellee herein. Both appellant Gay and Curtis F. Holland, the only shareholders of the corporation, personally guaranteed the indebtedness. As part of said guarantee, each executed deeds to secure debt on certain properties located in Bibb County. The record shows that the security deed on the "Holland" property was subject and inferior to two prior...

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