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MATTER OF LAKE TOWNSEND AVIATION, INC.

Nos. 8718SC66, 8718SC69.

361 S.E.2d 409 (1987)

87 N.C. App. 481

In the Matter of the Foreclosure of the Deed of Trust from LAKE TOWNSEND AVIATION, INC. to W. Scott Brannan, Substitute Trustee Recorded in Deed of Trust Book 2416, Page 14 in the Office of the Register of Deeds of Guilford County, North Carolina. In the Matter of The Foreclosure of the Deed of Trust from LAKE TOWNSEND AVIATION, INC. to W. Scott Brannan, Substitute Trustee Recorded in Deed of Trust Book 2487, Page 187, in the Office of the Register of Deeds of Guilford County, North Carolina.

Court of Appeals of North Carolina.

November 3, 1987.

Attorney(s) appearing for the Case

Max D. Ballinger, Greensboro, for Aero Associates, Ltd., appellant.

Tuggle, Duggins, Meschan & Elrod by David F. Meschan, Paul M. Dennis, Jr., and Harold A. Lloyd, Greensboro, for appellee.

COZORT, Judge.

Respondent appeals from two orders authorizing foreclosure under two deeds of trust. The two proceedings have been consolidated for opinion. We remand for additional findings by the trial court on the foreclosure under the first deed of trust, and we affirm the foreclosure under the second deed of trust.

On 22 January 1969, Lake Townsend Aviation, Inc., (Lake Townsend) executed an $8,000 note payable to James H. Williams. The note was secured...

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