Lacour Plantation Co. v. Jewell

ODOM, Justice.

The Lacour Plantation Company executed its promissory note for $6,000 dated June 22, 1925, made payable to itself or order in one year, and in order to secure the prompt and punctual payment of the note it executed a mortgage on its real property, the mortgage importing a confession of judgment. Code Prac. art. 733. The note went into the hands of the Bank of Baton Rouge, which -instituted foreclosure proceedings via executiva on February 23, 1927. The usual order was granted and notice of demand was promptly served on the debtor. Nothing further was done. The mortgaged property…