GRANT, Judge.
In this appeal, we must decide whether the extension, renewal or refinancing of a purchase-money loan transformed the renewed or new loan into a non-purchase-money obligation. We hold that under the facts of this case, the trial court correctly held that the renewed or new loan retained its character as a purchase-money note.
In 1988, appellees Edward R. and Mary Ellen Beauvais ("the Beauvais...
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