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Explosion Levels Cornerback's Home

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A massive explosion at a North Carolina home belonging to NFL defensive back Caleb Farley has left one person dead ... and another injured.

The incident happened overnight Monday in Mooresville, N.C. -- leveling a multi-million dollar property that, according to multiple reports, Farley had just purchased recently.

Iredell County Fire Marshal's Office spokesperson Kent Greene tells TMZ Sports ... one person was recovered from the scene deceased -- while another was transported to the hospital with non-life-threatening injuries. Farley was not a victim, Greene added.