Cadlerock Joint Ventures Co. v. J. Graves Scaffolding Co.

| CadleRock Joint Venture LP appeals a judgment dismissing, on exceptions of prescription, its suit for a deficiency judgment. For the reasons expressed, we affirm.

Factual Background

The original borrower, J. Graves Scaffolding Inc., obtained a line of credit from Bank One La. in May 1999. It executed a collateral mortgage note in the principal sum of $500,000, encumbering two industrial tracts on West 62nd St. in Shreveport; an act of collateral mortgage, par-aphed ne varietur for identification with *1081the collateral mortgage note; and a collateral pledge agreement, all in favor of Bank One La.…