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VAUGHN v. KINCADE

26433.

227 Ga. 553 (1971)

181 S.E.2d 843

VAUGHN v. KINCADE et al.

Supreme Court of Georgia.

Decided May 6, 1971.

Attorney(s) appearing for the Case

Wall & Campbell, Alford Wall, Richard H. Parker, for appellant.

Floyd E. Siefferman, Jr., for appellees.

FELTON, Justice.

A clause securing future indebtedness in a deed to secure debt is valid and enforceable; hence, the grantor is not entitled to have such deed canceled by the payment of the balance of a debt secured thereby at the time of the execution of the deed, where subsequent debts have accrued. See Morgan v. Todd, 214 Ga. 497, 493 (106 S.E.2d 37) and cases cited.

Accordingly...

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