HEDRICK, Chief Judge.
The following facts have been stipulated to by the parties: In May 1980 defendant purchased property. He paid the seller with $23,545.00 borrowed from United Virginia Mortgage Corporation and secured by a deed of trust. The $10,000.00 balance of the purchase price was borrowed from the seller and secured by a subordinate deed of trust.
Defendant failed to make the 15 April 1981 interest payment owed to seller. On 19 April 1981 seller...
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