Tucker Federal Savings & Loan Ass'n v. Alford

Deen, Presiding Judge.

On October 22, 1971, appellees Paul Alford, Cecil Alford, and Ralph Norton executed a real estate note with the appellant for $82,000, giving a deed to secure debt on certain property in DeKalb County. On May 22, 1972, they executed another security deed regarding the same property for a loan of $129,000 obtained from the appellant. Both deeds to secure debt contained the following due on sale clause: “It is expressly agreed that should the title to the property covered by this security deed become vested in any person or entity other than the grantor, the unpaid balance…