Federal Land Bank of Jackson v. Gutierrez

DOMENGEAUX, Judge.

This suit arose as the result of a mortgage executed on December 18, 1979, by Security First National Bank (Security) as co-trustee of the Ann Blackman Gutierrez Trust. The mortgage in question secured a loan extended by the Federal Land Bank of New Orleans, (now known as the Federal Land Bank of Jackson and hereinafter referred to as the Bank) to Edward D. Gutierrez. The Bank, allegedly as the result of Gutierrez’s default in repayment, brought this action, via ordinary process, seeking a money judgment against Gutierrez, and recognition and enforcement of the mortgage,…