2021 Georgia Code
Title 44 - Property
Chapter 14 - Mortgages, Conveyances to Secure Debt, and Liens
Article 2 - Mortgages
§ 44-14-31. Form and Contents of Mortgage
No particular form is necessary to constitute a mortgage. However, a mortgage must clearly indicate the creation of a lien and must specify the debt for which it is given and the property upon which it is to take effect.
(Orig. Code 1863, § 1957; Code 1868, § 1945; Code 1873, § 1955; Ga. L. 1876, p. 34, § 1; Code 1882, § 1955; Civil Code 1895, § 2724; Civil Code 1910, § 3257; Code 1933, § 67-102.)
Law reviews.- For note discussing how an open end or dragnet clause within a deed to secure debt ensnares subsequent purchasers of real property in light of Commercial Bank v. Readd, 240 Ga. 519, 242 S.E.2d 25 (1978), see 30 Mercer L. Rev. 363 (1978).
JUDICIAL DECISIONSANALYSIS
- General Consideration
- Particular Instruments
- Description of Property
RESEARCH REFERENCES
Am. Jur. 2d.
- 55 Am. Jur. 2d, Mortgages, § 12.
C.J.S.- 59 C.J.S., Mortgages, § 93.
ALR.
- Trust receipt, or instrument purporting to be such, as a chattel mortgage within filing statutes, 25 A.L.R. 332; 49 A.L.R. 309; 87 A.L.R. 316; 101 A.L.R. 463; 168 A.L.R. 359.
Liability of mortgagee under mortgage clause for insurance premiums, 56 A.L.R. 679; 83 A.L.R. 105.
Requisites and sufficiency of description of property in conditional sales contract, 65 A.L.R. 714.
Sufficiency of description of property in mortgage on animals, 124 A.L.R. 944.
Validity, construction, and application of insecurity clause in chattel mortgage, 125 A.L.R. 313.
Inconsistency between description of land in instruments conveying same or affecting title thereto and description in another instrument referred to therein, 134 A.L.R. 1041.
Deed or mortgage as affected by uncertainty of description of excepted area, 162 A.L.R. 288.
Sufficiency of description of property, as against third persons, in chattel mortgage on farm equipment, machinery, implements, and the like, 32 A.L.R.2d 929.
Uncertainty as to terms of mortgage or of accompanying note or bond contemplated by real-estate sales contract as affecting right to specific performance, 60 A.L.R.2d 251.
Validity and effect of "wraparound" mortgages whereby purchaser incorporates into agreed payments to grantor latter's obligation on initial mortgage, 36 A.L.R.4th 144.
