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GREBEL v. PRINCE

No. A97A0562.

501 S.E.2d 538 (1998)

232 Ga. App. 361

GREBEL v. PRINCE.

Court of Appeals of Georgia.

Reconsideration Denied April 29, 1998.

Certiorari Denied September 18, 1998.

Attorney(s) appearing for the Case

David J. Grindle, Columbus, for appellant.

L. Clayton Smith, Jr., Albany, for appellee.

James H. Moore III, Moore, Clarke, DuVall & Rodgers, Albany, amicus curiae.

McMURRAY, Presiding Judge.

K.W. Prince sold Daniel Mark Grebel over 430 acres in Lee County, Georgia, and financed most of the deal with a $125,607.50 purchase money note. This loan was payable in annual installments over a ten-year period and was secured by conveyance of Grebel's realty to Prince in a deed to secure debt. Grebel failed to pay the second yearly installment when it came due and Prince accelerated the debt, notifying Grebel that "in the event you fail...

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