TITLE 44 PROPERTY

Section 14. Mortgages, Conveyances to Secure Debt, and Liens, 44-14-1 through 44-14-613.

ARTICLE 5 TRUST DEEDS

44-14-125. Disposition of proceeds of sale; surplus.

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.)