Legal Opinion
Citizens & Southern National Bank v. Smith
Supreme Court of South Carolina
Decided October 5, 1981No. 21578PublishedCited by 5 opinions
1Per curiam
This appeal involves the priorities of several mortgages.
This foreclosure, involving a most complex factual situation, began in 1973 when the respondent Dr. Pierre F. LaBorde owned three parcels of undeveloped land in Richland County (132.9, 489 and 490 acres). He sold this land to Stephen D. Smith and Thaddeus Williams only receiving purchase money mortgages in return. He agreed to subordinate these purchase money mortgages in order for the developers to obtain money to develop the land. This provision read in part:
“(A)nd the seller agrees to execute such documents as may from time to time,…
2Cases cited2 opinions
- Crystal Ice Co. of Cola. v. First Colonial Corp.Supreme Court of South Carolina · 1979
- Rivers v. RiceSupreme Court of Georgia · 1975
3Cited by5 opinions
- South Carolina Federal Savings Bank v. San-A-Bel Corp.Court of Appeals of South Carolina · 1992
- United States v. South Atlantic Production CreditDistrict Court of Appeal of Florida · 1992
- C. & S. NAT'L BANK OF SC v. SmithSupreme Court of South Carolina · 1981
- La Cholla Group, Inc. v. TimmCourt of Appeals of Arizona · 1992
- Bulldog Properties v. FirstartCourt of Appeals of South Carolina · 1990