D.R. Allen & Son, Inc. v. Harwal, Inc.

Cureton, Judge:

In this action, the master granted Plaintiff, D.R. Allen & Son, Inc. (Allen), a judgment of foreclosure against property-owned by Harwal, Inc. (Harwal). Harwal and the minor defendants, Harry C. Walker, Jr., and Thomas Joseph Walker, appeal. We affirm.

In 1980, Harry C. Walker purchased a hotel in North Carolina from Motor Inn Associates, Inc., Allen’s predecessor in title. Walker executed a deed of trust note to Motor Inn Associates, Inc. in the amount of $1,463,000. The note was secured by a purchase money deed of trust on the hotel. Walker also gave Motor Inn Associates, Inc.…