First Federal Savings & Loan Ass'n of Shreveport v. Blanchard

HAMITER, Judge.

The facts of this case are undisputed.

On January 24, 1928, the defendant, Frank A. Blanchard, purchased a tract of land situated.in the City of Shreveport, Louisiana, with all improvements thereon, from the Shreveport Mutual Building Association, which is now known as the First Federal Savings and Loan Association of Shreveport, the plaintiff herein. The act evidencing the transaction recited a consideration of $10,000, represented by the purchaser’s one note, and stipulated the granting of a special mortgage and the retention of the vendor’s lien and privilege on said property…