Carolina Bank v. Chatham Station, Inc.

STROUD, Judge.

Plaintiff appeals from an order entered 18 April 2006 granting defendants’ Motion for Judgment on the Pleadings pursuant to Rule 12(c) of the North Carolina Rules of Civil Procedure. For the reasons that follow, we affirm.

I. Background

On or about 24 November 2003, defendant Chatham Station, Inc. executed a deed of trust for the benefit of plaintiff, giving a security interest in property in Chatham County, North Carolina. The deed of trust secured a line of credit note in the maximum amount of $2,000,000. Defendants Jeff L. Bostic, Melvin E. Morris, and Michael L. Freeman…