O'Neal Steel Inc v. Millette

UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT No. 98-60442 In the Matter of: THOMAS SHANNON MILLETTE, Debtor. O’NEAL STEEL, INCORPORATED, Appellant-Cross-Appellee, v. E B INCORPORATED, Appellee-Cross-Appellant. Appeals from the United States District Court for the Southern District of Mississippi August 24, 1999 Before JONES and STEWART, Circuit Judges, and DUPLANTIER,* District Judge. EDITH H. JONES, Circuit Judge: At issue in this case is whether, under Mississippi law, an “assignment of rents” clause contained in a properly recorded deed of trust gives the mortgagee a perfected…