WYNN, Judge.
On 15 August 1975, the defendants borrowed $208,000 from the Federal Land Bank of Columbia, of which the plaintiff is successor by merger. This debt was evidenced by a note and secured by a deed of trust dated 15 August 1975. On 18 January 1983, the defendants borrowed an additional $247,000 from the plaintiff, evidenced by a note indicating that it was secured by the security instrument of 15 August 1975.
Prior to the first loan, the collateral...
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