Unity Industrial Life Ins. Co. v. Dejoie

ODOM, Justice.

On December 30, 1937, Paul H. V. Dejoie and Prudhomme J. E. Dejoie executed a promissory note for $7,000 in favor of the Unity Industrial Life Insurance Company. The makers of the note bound themselves in solido to pay it. To secure the payment of the note, they, on the same day, executed a mortgage on certain property which they owned in the City of New Orleans, the mortgage itself being in favor of the insurance company. The act of mortgage recites that the makers are indebted unto the mortgagee “in the full sum of Seven Thousand and no/100 ($7,-000.00) Dollars which the said…