Security Pacific National Trust Co. v. Reid

GLASSMAN, Justice.

The defendant, Rosemary Anne Reid, appeals from a judgment of foreclosure and sale entered in the Superior Court (Cumberland County, Alexander, J.) in favor of the plaintiff, Security Pacific National Trust Co. Reid contends that the court erred in denying her motion to dismiss Security’s complaint and in granting Security’s motion for a summary judgment. Finding no merit in Reid’s contentions, we affirm the judgment.

On October 9, 1987, Reid executed a promissory note to Security’s assignor in the amount of $247,500 secured by a mortgage on real estate located at 197 Ocean…