Hilton v. Millhaven Co.

Quillian, Chief Judge.

The plaintiff brought a declaratory judgment action seeking a declaration with regard to the terms of a certain promissory note. The plaintiff alleged in the complaint that on January 20, 1976 it purchased from the defendant a tract of land located in Screven County, Georgia and in conjunction therewith executed a promissory note and a deed to secure debt in favor of the defendant. The deed to secure debt [3rd paragraph] contained the following provision: “In the event that First Party shall sell any of the land subject hereto at a price equal to or in excess of the…