COASTAL PRODUCTION CREDIT ASS'N v. GOODSON FARMS

No. 834SC1193.

322 S.E.2d 398 (1984)

COASTAL PRODUCTION CREDIT ASSOCIATION v. GOODSON FARMS, INC., J. Michael Goodson, and Wife, Greylin R. Goodson; Samuel Lieben; American Foods, Inc.; Jeff D. Johnson, III, Receiver; Federal Land Bank of Columbia, Inc.; and Commodity Credit Corp.

Court of Appeals of North Carolina.

November 20, 1984.


Attorney(s) appearing for the Case

Poyner, Geraghty, Hartsfield & Townsend by Cecil W. Harrison, Jr., Raleigh, for defendants-appellants.

Wells, Blossom & Burrows by Richard F. Burrows, Wallace, for plaintiff-appellee.


JOHNSON, Judge.

Plaintiff, an agricultural credit facility, filed suit in February 1982 on a promissory note executed by the Goodson defendants (hereinafter defendants) and secured by farm real estate and equipment. In December 1982, the parties entered into a consent judgment, by which plaintiff agreed to delay collection proceedings until 16 February 1983. Defendants agreed and were ordered to pay in full at that time. Defendants defaulted again, however, and plaintiff...

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