The money arising from the sale of the property shall be paid to the trustee unless claimed by some other lien which by law may have priority over the deed; and, when there is any surplus after paying the sums due under the deed and other liens, the surplus shall be paid to the maker of the deed or his agent.
(Ga. L. 1896, p. 76, § 6; Civil Code 1910, § 3316; Code 1933, § 67-1206.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 55 Am. Jur. 2d, Mortgages, §§ 778, 785, 790.
C.J.S.- 59A C.J.S., Mortgages, §§ 664 et seq., 961, 966, 967.
ALR.
- Trustee in mortgage securing bonds as agent of obligor or holder of bonds as regards deposit or payment in respect of principal or interest, 90 A.L.R. 467; 96 A.L.R. 1233.