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GEORGIA STATUTES AND CODES
§ 44-14-238 - Foreclosure when debts due in installments; treatment of surplus
O.C.G.A. 44-14-238 (2010)
44-14-238. Foreclosure when debts due in installments; treatment of surplus
If a mortgage on personalty is given to secure several debts falling due at different times, the mortgagee may foreclose when the first debt becomes due; and the court will control the surplus so as to protect the lien created for the debts not due.
44-14-238. Foreclosure when debts due in installments; treatment of surplus
If a mortgage on personalty is given to secure several debts falling due at different times, the mortgagee may foreclose when the first debt becomes due; and the court will control the surplus so as to protect the lien created for the debts not due.
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