Federal Land Bank of New Orleans v. Farris

BROWN, Justice.

This is a statutory action in the nature of an action of ejectment for the recovery of certain lands, together with damages for the detention thereof, and the sole question presented by the assignment of errors is the measure of the plaintiff’s damages.

The plaintiff is a mortgagee who foreclosed and became the purchaser at the foreclosure sale.

The mortgage was given to secure a loan, payable in yearly installments running through a number of years, with the provision that, on failure of the mortgagor to pay in full any one of said installments, the mortgagee reserved the option…