Federal Land Bank v. Mulhern

ODOM, Justice.

In the year 1923, each of the above-named defendants sought and obtained a loan' from the Federal Land Bank of New Orleans, and, as security, mortgaged certain real estate situated in the parish of Richland.

On August 11, 1930, the plaintiff bank brought separate foreclosure proceedings, via ordinaria, against the defendants, praying for judgment against each for the balance due, that its mortgage be recognized as first lien upon the property incumbered, and that it be sold and that the amount of its debt be paid out of the proceeds by preference and priority over all other…