First National Bank v. Appalachian Industries, Inc.

On Motion for Rehearing.

First National urges us to reconsider the case of Wilder v. Federal Land Bank of Columbia, 185 Ga. 837 (196 SE 708) (1924) on the issue of whether the prepayments made on the loan relieved Appalachian of its duty to meet the December installment payment. In *636Wilder a mortgage creditor applied certain fire insurance proceeds to the principal amount of the indebtedness as authorized under the terms of a written assignment executed by the debtor. The borrower was notified of the application and did not object. She made one subsequent installment payment and then became…