KENNEDY, Justice.
On November 25, 1985, Cecil Shows and his wife Ottis J. Shows executed a real estate mortgage to Freedlander, Inc. The Freedlander mortgage was to secure a promissory note executed by Cecil Shows to Freedlander. Subsequently, the note and mortgage were assigned to NCNB National Bank of North Carolina ("NCNB"). Cecil Shows defaulted on his note; NCNB foreclosed on the mortgage and held a foreclosure sale on March 17, 1988. James P. Raley and Kenneth...
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