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GUARANTY BANK AND TRUST COMPANY v. LEBO

No. 5534.

143 So.2d 743 (1962)

GUARANTY BANK AND TRUST COMPANY, Appellant, v. Mrs. Irene McClendon LEBO, Appellee.

Court of Appeal of Louisiana, First Circuit.

April 23, 1962.

Attorney(s) appearing for the Case

Grover L. Covington, Kentwood, for appellant.

L. B. Ponder, Jr., Amite, for appellee.

Before ELLIS, HERGET, and MILLER, JJ.

HERGET, Judge.

On April 3, 1961 Guaranty Bank and Trust Company obtained an order for executory 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...

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