context: (Footnotes omitted.) Frank S. Alexander, Georgia Real Estate Finance and Foreclosure Law, p. 37, SS 2:3 (2014-2015 ed.).
citation_a.signal: see also
citation_a.identifier: 217 Ga. 616, 619-620
citation_a.parenthetical: the individual indebtedness of one of the grantors is not the debt of both of the grantors and does not fall within the open-end clause of the security deed
citation_a.sentence: See also Hill v. Perkins, 218 Ga. 354 (127 SE2d 909) (1962); Cordele Banking Co. v. Powers, 217 Ga. 616, 619-620 (1), (2) (124 SE2d 275) (1962) (the individual indebtedness of one of the grantors is not the debt of both of the grantors and does not fall within the open-end clause of the security deed); In re Felker, 181 BR 1017 (Bankr. M.D. Ga. 1995); Americus Finance Co. v. Wilson, 189 Ga. 635, 636 (1) (7 SE2d 259) (1940); cf. Sutton v. Atlantic Bank & Trust Co., 167 Ga. App. 861, 863 (307 SE2d 746) (1983) (subsequent debts were deemed secured where it was clear that the grantors included either the singular or the plural grantors and that it was uncontradicted that all the parties to the deed intended that the debts of one borrower would be secured by deed). As our Supreme Court has explained, “it is obvious that an additional debt of one creditor cannot operate as a hook to grab a dragnet which carries with it the property interests of a party other than the creditor in the separate transaction.”
citation_b.signal: cf.
citation_b.identifier: 167 Ga. App. 861, 863
citation_b.parenthetical: subsequent debts were deemed secured where it was clear that the grantors included either the singular or the plural grantors and that it was uncontradicted that all the parties to the deed intended that the debts of one borrower would be secured by deed
citation_b.sentence: See also Hill v. Perkins, 218 Ga. 354 (127 SE2d 909) (1962); Cordele Banking Co. v. Powers, 217 Ga. 616, 619-620 (1), (2) (124 SE2d 275) (1962) (the individual indebtedness of one of the grantors is not the debt of both of the grantors and does not fall within the open-end clause of the security deed); In re Felker, 181 BR 1017 (Bankr. M.D. Ga. 1995); Americus Finance Co. v. Wilson, 189 Ga. 635, 636 (1) (7 SE2d 259) (1940); cf. Sutton v. Atlantic Bank & Trust Co., 167 Ga. App. 861, 863 (307 SE2d 746) (1983) (subsequent debts were deemed secured where it was clear that the grantors included either the singular or the plural grantors and that it was uncontradicted that all the parties to the deed intended that the debts of one borrower would be secured by deed). As our Supreme Court has explained, “it is obvious that an additional debt of one creditor cannot operate as a hook to grab a dragnet which carries with it the property interests of a party other than the creditor in the separate transaction.”