Vidalia Bank & Trust Co. v. Purcell

In 1917 R. T. Clark sold the Whitehall plantation in Concordia Parish to Thomas L. Cagle. The purchase price was not all paid by Cagle, and to secure the balance due Clark retained and Cagle granted a vendor’s lien and special mortgage on the plantation and immovables by destination for $65,000.00.

The mortgage was duly recorded in the mortgage records of Concordia Parish on October 20, 1917.

Subsequently Thomas L. Cagle sold said plantation to L. K. and E. M. Purcell, the same being sold subject to the vendor’s lien and special mortgage of R. T Clark. Subsequent to their purchase the Messrs.…