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BULLDOG PROPERTIES v. FIRSTART

1481

301 S.C. 336 (1990)

391 S.E.2d 871

BULLDOG PROPERTIES, a Partnership, Appellant v. FIRSTART, a Partnership, Charles F. Phillips, Jr., Richard T. Yates, and The South Carolina National Bank, Respondents.

Court of Appeals of South Carolina.

Decided April 2, 1990.

Attorney(s) appearing for the Case

William C. Cleveland, of Haynsworth, Marion, McKay & Guerard, Charleston, for appellant.

Edward D. Buckley, Jr., of Bailey & Buckley, Charleston, for respondents.

Heard Feb. 14, 1990.

Decided April 2, 1990.

Per Curiam:

This is a mortgage foreclosure action involving a subordination agreement. The trial judge enforced the agreement. We affirm.

Bulldog Properties sold the property to Firstart under the terms of their Buy-Sell Agreement, as amended by the First Addendum, and their mortgage. Bulldog agreed to subordinate its third mortgage to a refinancing loan under the following relevant terms:...

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