Guaranty Bank & Trust Co. v. Lebo

HERGET, Judge.

On April 3, 1961 Guaranty Bank and Trust Company obtained an order for ex-ecutory process seeking foreclosure on a note dated August 28, 1959 in the original amount of $4,600 which had been executed in connection with a collateral mortgage on 182.35 acres of land in Tangipahoa Parish, Louisiana by Monroe Lebo. The mortgage was attached to a hand note for a like amount of $4,600 payable at the rate of $110 per month, plus interest at the rate of 7% per annum beginning October 15,1959. The mortgage contains the usual clauses, including confession of judgment and acceleration…