Citizens Federal Savings & Loan Ass'n v. Andrews

Deen, Judge.

Code Ann. § 67-1316 (Ga. L. 1958, p. 655) particularly provides as to open-end clauses contained in deeds to secure debt to real property which undertake to secure a subsequent indebtedness in addition to the debt therein named, that such clause is limited to other debts or obligations arising between the original parties to the security instrument. The security instrument here defines the term “first party” as meaning in addition to the grantor “the heirs, administrators, executors, successors or assigns of said party,” and it is 'contended that since both the plaintiff and her…