Barbee v. Edwards

77 S.E.2d 646 (1953)

238 N.C. 215

BARBEE

v.

EDWARDS.

No. 740.

Supreme Court of North Carolina.

September 23, 1953.

W. J. Brogden, Jr., and Blackwell M. Brogden, Durham, for plaintiff, appellant.

Spears & Hall, Durham, for defendant, appellee.

JOHNSTON, Justice.

The general rule is that where a mortgage or deed of trust is given to secure a specific debt, payment of the debt extinguishes the power of sale and terminates the title of the mortgagee or trustee, and all outstanding interests in the land revert immediately to the mortgagor by operation of law. Crook v. Warren, 212 N.C. 93, 192 S.E. 684;…