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BOWERS v. BOWERS

No. 8418SC955.

329 S.E.2d 725 (1985)

In the Matter of the Foreclosure of the Deed of Trust of Alphonso H. BOWERS, Jr., and wife, Marva W. Bowers and Arco, Inc., Grantors, v. Alphonso H. BOWERS, Jr., Marva W. Bowers and Arco, Inc., Respondents, American Federal Savings and Loan Association, Petitioner.

Court of Appeals of North Carolina.

May 21, 1985.

Attorney(s) appearing for the Case

Hunter, Hodgman, Greene, Goodman & Donaldson, by Richard M. Greene, Greensboro, for respondents-appellants.

Edward C. Winslow, III, Greensboro, for petitioner-appellee.

ARNOLD, Judge.

The primary issue on appeal is whether the Superior Court properly entered an order allowing the petitioner, American Federal Savings and Loan, to foreclose under the terms of a deed of trust entered into in February 1982.

The petitioner entered into the February deed of trust with respondents in exchange for a loan to build a house. This deed of trust gave petitioner a lien on the house to be built with the loan proceeds and on the land on...

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