ELLIS, Judge.
The following chronology of facts is undisputed though the conclusions to be drawn from them are at issue.
On September 26, 1958, Charlie P. Wilson granted John W. Warner a $6000.00 mortgage covering sixty acres of land.
On June 26, 1962, Charlie P. Wilson granted Bogalusa Sales Corporation a $9521.28 second mortgage on one acre out of the sixty acres described in the Warner mortgage. The Bogalusa mortgage was later assigned to Allied...
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