There is a newer version of the North Carolina General Statutes
2005 North Carolina Code - General Statutes § 54-60. Partial recall of debt.
§ 54‑60. Partial recall of debt.
The association may require a suitable partial repayment of the debt if the mortgaged premises may have at any time become depreciated in value from any cause whatsoever. (1925, c. 223, s. 12.)
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