MITCHELL, Chief Justice.
On or about 3 January 1989, One December Enterprises, Inc. ("One December"), purchased a restaurant located in Dare County from the plaintiff. One December made a cash down payment, assumed two notes which were secured by a first and second deed of trust, and executed a promissory note for the balance of the purchase price—in the principal amount of $156,330.71—which was secured by a third deed of trust. Defendants signed the...
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