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VAUGHN et al. v. NATIONAL BANK TRUST COMPANY OF COLUMBUS.

WEBB, Judge.

Defendant guarantors, having consented in advance in a clause of the guaranty agreement that the creditor could surrender or release the reserve account held as security for payment of the debts guaranteed, cannot now successfully contend that they were discharged by the act of the creditor in applying it to the obligations guaranteed. Dunlap v. C S DeKalb Bank, 134 Ga. App. 893, 896 ( 216 S.E.2d 651) (1975) and cits.

Judgment affirmed. Deen, P. J., and Marshall, J., concur.

SUBMITTED APRIL 7, 1977 — DECIDED APRIL 12, 1977.
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VAUGHN v. NATIONAL BANK TRUST COMPANY OF COLUMBUS
(Apr 12, 1977)