Legal Opinion
George v. Federal Land Bank of Jackson
Supreme Court of Alabama
Decided November 14, 1986No. 84-1132PublishedCited by 32 opinions
1Opinion of the Court
On March 26, 1975, defendants Roy E. George (George) and Jeannie A. George mortgaged nine parcels of property in Houston County and two parcels of property in Dale County, totaling 3,337.5 acres, to the Federal Land Bank of New Orleans (Federal)1 to secure a promissory note in the amount of $1,158,000. Defendants were to make installment payments of $104,440.19, principal and interest, on March 1 of each subsequent year until 2010. Federal appraised the property at that time, setting its value at $1,667,000.
In 1979, defendants applied for an additional loan, again seeking to use their real…
2Cases cited20 opinions
- Berkel & Co. Contractors v. Providence Hosp.Supreme Court of Alabama · 1984
- Kelly v. CarmichaelSupreme Court of Alabama · 1928
- Burroughs Corp. v. Hall Affiliates, Inc.Supreme Court of Alabama · 1982
- William S. Kaye, as Receiver for Barterline, Ltd. v. Pawnee Construction Company, Inc., Birmingham Trust National BankCourt of Appeals for the Eleventh Circuit · 1982
- Bank of New Brockton v. DunnavantSupreme Court of Alabama · 1920
15 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Hines v. Riverside Chevrolet-Olds, Inc.Supreme Court of Alabama · 1995
- Alfa Mut. Ins. Co. v. NorthingtonSupreme Court of Alabama · 1990
- POWER EQUIPMENT v. First Alabama BankSupreme Court of Alabama · 1991
- Sadtler v. Jackson-Cross Co.Superior Court of Pennsylvania · 1991
- Colonial Bank v. Ridley & SchweigertSupreme Court of Alabama · 1989
27 more not listed; retrieve them via the Exa API.