Jacobs v. Reisman

Candler, Justice.

O. B. Jacobs sold and conveyed to H. D. Braswell Construction. Company, Inc., certain realty in Fulton County on- June 19, 1956. The grantee on the same day and for a consideration of $18,000 conveyed it by a security deed, which contained a power of sale, to Peachtree Federal Savings & Loam Association. The note it was given to secure was payable by monthly instalments, and provided that the payee or any assignee or transferee could, at its or his option, declare the entire amount due on default in payment of any instalment. The grantee on the same day and for a recited…