“A hearing was held on the exceptions before the Circuit Court……. At the hearing, the Trustees stated that the note had been indorsed in blank by an employee of Option One shortly before that entity went out of business, produced the original note and allonge, and proffered that the note had been subsequently indorsed to Biltmore, as permitted by the Uniform Commercial Code.[14] See CL § 3-205(c).”

They didn’t object to unsworn unsubstantiated statements of fact.