Bryant v. Branch

Deen, Presiding Judge.

1. Open end clauses may be contained and are effective in real estate security deeds as between the immediate parties. They are likewise effective in security instruments describing personal property as collateral, and where effective an amount which was recited in the instrument as having been a part of the down payment, may, if not in fact paid, be tacked on to the the instalment note indebtedness which gave rise to the foreclosure proceeding. Ayers v. Yancey Bros. Co., 141 Ga. App. 358. But this does not obtain if the security instrument has no open end provision (as…