Dyck-O'Neal, Inc. v. Sands

11 McKAY, Judge.

On July 14, 1981, the defendants, Jack M. Sands and Martha Rosen Sands, executed a promissory note in the amount of $52,000.00 in favor of First Fidelity Mortgage Company. The note was executed in connection with the Sands’ purchase of a multi-family dwelling located at 617 N. Scott Street in New Orleans. The note was identified with an Act of Mortgage on the aforementioned property also executed on July 14, 1981. The note was payable in consecutive monthly installments beginning on September 1, 1981, until paid except any remaining indebtedness would be due on August 1, 2011.…