First Federal Savings & Loan Ass'n of Rochester v. Mullone

SEXTON, Judge.

Appellant, First Federal Savings & Loan Association, appeals the decision of the trial court which held that a promissory note executed by appellee, Marsha Mullone, had prescribed. We affirm.

On May 25, 1971, Marsha Mullone and her then husband, Kerry Mullone, Jr., executed a promissory note in favor of Bridges Loan & Investment Company, Inc. for the original principal sum of $18,100.00. This note was secured by a mortgage of immovable property located at 2466 Coburn Lane in Shreveport. The promissory note designated monthly installment payments of $120.56 which were due on the…