First Financial Savings Bank, Inc. v. Sledge

WYNN, Judge.

On or about 17 April 1987, Chuck and Lynn Sledge executed a promissory note secured by a deed of trust to Henry A. Boyd, trustee, and First Financial Savings Bank, Inc. (hereinafter “First Financial”) in the original amount of $40,000. The deed of trust was recorded on 17 April 1987 in Carteret County and secured First Financial’s lien on lots 28, 29, 31, 34, and 35 of Riverside Estates.

On 29 October 1987, Chuck Sledge requested a release deed for lot 31 and agreed to pay First Financial the release fee of $8,000. Teresa Arthur, a First Financial employee, forwarded an unexecuted…