Bay Minette Production Credit Ass'n v. Citizens' Bank

JONES, Justice.

Bay Minette Production Credit Association (“PCA”) appeals from a declaratory judgment determining the priority of certain recorded mortgages and judgment liens encumbering the title to a parcel of property located in Baldwin County. We affirm.

The facts in this case are undisputed. Paula Payne owned an approximately five-acre parcel of land located in Baldwin County.1 As of September 16, 1985, the record title to the subject property, in pertinent part, reflected:

1) A 1981 note and mortgage from the Paynes to Clyde Sellars2 at 8 percent interest per annum with a partial release…