State Ex Rel. Elliott v. Ratzburg

PONDER, Justice.

The relators have appealed from a judgment rejecting their demands, in a mandamus proceeding, for the cancellation of a mortgage.

The relators purchased from E. H. Lyles and his wife, by credit deed, Lots 10 and 11 in Block 4 in the Dixie Place Annex, a sub-division of Caddo Parish, with the buildings and improvements thereon, for a consideration of $3,800, payable as follows : $1,250, cash and the balance to be paid in monthly installments of $40 each, due on or before the fifth day of each month beginning April 5, 1946. A note was executed and identified with the mortgage,…