North Carolina General Statutes Chapter 45. Mortgages and Deeds of Trust § 45-21.1. Definitions; construction

(1) “Resale” means a resale of real property or a resale of any leasehold interest created by a lease of real property held pursuant to G.S. 45-21.30.

(2) “Sale” means a sale of real property or a sale of any leasehold interest created by a lease of real property pursuant to (i) an express power of sale contained in a mortgage, deed of trust, leasehold mortgage, or leasehold deed of trust or (ii) a “power of sale”, under this Article, authorized by other statutory provisions.

(1) The terms “mortgage” or “deed of trust” include leasehold mortgages or leasehold deeds of trust.

(2) The terms “mortgagee” or “trustee” include any person or entity exercising a power of sale pursuant to this Article.

(3) The terms “real property” or “property” include any leasehold interest created by a lease of real property.