Johnson v. AGSOUTH FARM CREDIT

ANDREWS, Presiding Judge.

Ronald Johnson appeals from the trial court’s grant of summary judgment to AgSouth Farm Credit (AgSouth or Bank) on Johnson’s claim to remove a cloud on the title to land Johnson owns in Hazelhurst, Georgia. Johnson argues on appeal that AgSouth improperly assigned a note and security deed to his co-debtor, Edward Zell Moody, after Moody paid the note in full. Johnson claims that when Moody paid the note in full, the debt was extinguished and the collateral should have been released. We agree and reverse.

In 1979, Johnson and Moody jointly borrowed $320,000 from the…