Blanton v. Sisk

JOHNSON, Judge.

On 6 October 1980, plaintiffs conveyed a tract of land owned by them and located in Marion, North Carolina, to the defendants. The purchase price was $78,000.00 with $22,500.00 payable at closing and the balance of $55,500.00 to be paid over a five-year period in annual increments of $11,100.00. As security for the balance of the purchase price, the defendants executed and delivered to plaintiffs a promissory note in the amount of $55,500.00 bearing interest at 10% per annum.

Subsequent to the sale, defendants conveyed the tract of land purchased from plaintiffs to Marion…