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LOTHRIDGE v. MAMARI CORP.

No. A97A1341.

493 S.E.2d 581 (1997)

229 Ga. App. 190

LOTHRIDGE v. MAMARI CORPORATION.

Court of Appeals of Georgia.

November 5, 1997.

Attorney(s) appearing for the Case

Webb, Tanner & Powell, Anthony O.L. Powell, Lawrenceville, Ralph L. Taylor III, for appellant.

Stewart, Melvin & Frost, W. Woodrow Stewart, J. Douglas Stewart, Gainesville, for appellee.

McMURRAY, Presiding Judge.

In 1987, Jerry Lothridge executed a security deed encumbering his farm and a personal guaranty securing an acquisition and development loan from First National Bank of Gainesville ("the bank") to Mountain Lakes Resort, Inc. ("Mountain Lakes")—a corporation Lothridge and others formed to revitalize and market an unprofitable and debt-ridden resort development formerly known as Mountain Shadows. Mountain Lakes also acquired a line of...

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