Cochran v. Deposit Guar. Nat. Bank

509 So.2d 1045 (1987)

Henry Clay COCHRAN and Audrey L. Cochran

v.

DEPOSIT GUARANTY NATIONAL BANK and William S. Mullins, III, Trustee.

No. 56881.

Supreme Court of Mississippi.

July 8, 1987.

Franklin C. McKenzie, Jr., Laurel, for appellants.

Norman Gene Hortman, Jr., Gibbes, Graves, Mullins, Bullock & Ferris, Laurel, for appellees.

Before ROY NOBLE LEE, P.J., and ROBERTSON and ANDERSON, JJ.

ROBERTSON, Justice, for the court:

This case presents the question whether the holder of a deed of trust securing an indebtedness may upon default foreclose, notwithstanding the prior renewal of the secured (but now…