If the mortgage is given to secure a debt due by installments and is foreclosed before any one of the installments falls due and there is a surplus of funds as provided in Code Section 44-14-190, the court may retain the funds or order them to be invested to meet the unpaid installments.
History. Orig. Code 1863, § 3874; Code 1868, § 3894; Code 1873, § 3970; Code 1882, § 3970; Civil Code 1895, § 2752; Civil Code 1910, § 3285; Code 1933, § 67-502.
Structure Georgia Code
Chapter 14 - Mortgages, Conveyances to Secure Debt, and Liens
Part 2 - Foreclosure on Mortgages
§ 44-14-180. Manner of Foreclosing; Petition; Rule; Venue
§ 44-14-181. Proceedings by Personal Representative When Mortgagee Deceased
§ 44-14-182. Foreclosure by Transferee
§ 44-14-183. Proceedings Against Personal Representative When Mortgagor Deceased
§ 44-14-184. Defense Against Foreclosure; Verification
§ 44-14-187. Judgment; Sale of Mortgaged Property
§ 44-14-188. Effect of Judgment on One Purchasing During Pendency of Proceedings
§ 44-14-189. Rights of Purchaser at Void or Irregular Sale
§ 44-14-190. Disposition of Proceeds
§ 44-14-191. Treatment of Proceeds of Sale When Debt Due in Installments