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BANK OF PRATTVILLE v. COLONIAL BANK

1970635.

718 So.2d 17 (1998)

BANK OF PRATTVILLE v. COLONIAL BANK and William T. DeRamus III.

Supreme Court of Alabama.

June 12, 1998.

Attorney(s) appearing for the Case

J. Myron Smith, Prattville, for appellant.

Charles N. Parnell III and Angie H. Ingram of Parnell & Crum, P.A., Montgomery, for appellee Colonial Bank.

J. Robert Faulk of McDowell, Faulk & McDowell, Prattville, for appellee William T. DeRamus III.

HOUSTON, Justice.

Colonial Bank sought a declaratory judgment against Bank of Prattville to obtain funds to satisfy the principal owed on a debt secured by a second mortgage held by Colonial Bank on property that had been sold in a foreclosure sale, prejudgment interest, and attorney fees, from funds recovered by Bank of Prattville in a mortgage foreclosure sale. William T. DeRamus III, a cosigner of the note to Colonial Bank that was secured by Colonial Bank's second...

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