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RICKER v. FIRST FEDERAL

A94A2603.

215 Ga. App. 793 (1994)

RICKER v. FIRST FEDERAL OF LACROSSE-MADISON.

Court of Appeals of Georgia.

Decided December 19, 1994.

Attorney(s) appearing for the Case

Garvis L. Sams, Jr., for appellant.

Moore & Rogers, Eldon L. Basham, for appellee.

BEASLEY, Presiding Judge.

Ricker and Herren executed a promissory note in favor of Cobb Federal Savings Bank in the principal sum of $1,650,000, payable in monthly installments. With these funds, the borrowers purchased a tract of land on which they constructed an apartment complex. To secure the indebtedness, they conveyed to the bank an instrument entitled a "MultiFamily Deed to Secure Debt, Assignment of Rents and Security Agreement." The subject matter of the...

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