Cameron v. Churchill Mortgage Corp.

Smith, Justice.

Appellants, brother and sister, having senior liens on a tract of land, executed subordination agreements by which they agreed to subordinate their liens to the lien of a construction loan. Appellants contend the subordination agreements should be set aside. The trial court disagreed. For reasons that follow, we affirm.

Appellants owned a 322-acre tract of land in Walton County. On October 22, 1973, they sold 23 acres of this land to Clairmont Development Company, Inc., thinking the construction of a shopping center by Clairmont would enhance the value of their remaining…