Lead Opinion
1. Where the grantor in a first security deed reacquired the property by purchasing the same at a sale under a power contained in such deed, a junior security deed made to another by the same grantor immediately attached as a first claim upon the property, and constituted an encumbrance thereon as against a subsequent grantee of such purchaser, notwithstanding the second deed may have showed upon its face that it was a junior deed. Code of 1933, § 29-111; Hill v. O’Bryan, 104 Ga. 137 (2) (30 S. E. 996) ; Isler v. Griffin, 134 Ga. 192 (4) (67 S. E. 854).
2. Under the above ruling, the petition in this case failed to state a cause of action, and it was error to overrule the general demurrer.
Judgment reversed.
Dissenting Opinion
who dissent upon authority of White v. Stewart, 131 Ga. 460 (2, 3) (62 S. E. 590, 15 Ann. Cas. 1198), and Williams v. Soy Mfg. Co., 111 Ga. 856 (3) (36 S. E. 927) ; Dailey v. Springfield, 144 Ga. 305 (87 S. E. 479, Ann. Cas. 1917D, 943) ; Turner Lumber Co. v. Henderson Lumber Co., 20 Ga. App. 682 (93 S. E. 301) ; U. S. National Bank v. Miller, 122 Or. 285 (258 Pac. 205, 58 A. L. R. 339). See-also Cherokee Fertilizer Co. v. Federal Land Bank, 179 Ga. 712 (177 S. E. 570).
Rehearing
ON REHEARING.
The judgment previously rendered is vacated, and the above opinion and judgment substituted.