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COASTAL PRODUCTION CREDIT v. GOODSON FARMS

No. 834SC842.

319 S.E.2d 650 (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.

September 4, 1984.

Attorney(s) appearing for the Case

Poyner, Geraghty, Hartsfield & Townsend by Cecil W. Harrison, Jr., Raleigh, for defendants-appellants Goodson Farms, Inc., J. Michael Goodson and Greylin R. Goodson.

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

JOHNSON, Judge.

I

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 proceedings to February 1983. Defendants agreed to pay in full at that time. Defendants defaulted...

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