Bank of Cedartown v. Holloway-Smith Co.

Where one executes a deed to secure an indebtedness evidenced by a promissory note, which deed recites that “contemporaneously herewith the grantee hath executed to me a bond for title to reconvey to me said property upon the payment of said debt; said debt evidenced by . . note of this date and bearing 8 per cent, interest per annum from date, and which are hereby made a part of this contract and due as follows: December 12, 1914. It is agreed and understood that this deed shall stand as security to any renewal of all or any part of this debt, as well as any other indebtedness I now owe or…