ALLIED MORTGAGE AND DEVELOPMENT CO. v. WARNER

No. 6611.

185 So.2d 635 (1966)

ALLIED MORTGAGE AND DEVELOPMENT COMPANY, Inc., Plaintiff-Appellant, v. John W. WARNER and Magee Finance Service, Inc., Defendant-Appellee.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied May 9, 1966.


Attorney(s) appearing for the Case

Richard T. Knight, of Talley, Anthony, Hughes & Knight, Bogalusa, for appellant.

France W. Watts, Jr., of Watts & Crain, Franklinton, for appellee.

Before ELLIS, LOTTINGER, LANDRY, REID and BAILES, JJ.


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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