LOUISIANA NATIONAL BANK OF BATON ROUGE
v.
TRIPLE R. CONTRACTORS, INC., et al.
Court of Appeal of Louisiana, First Circuit.https://leagle.com/images/logo.png
May 24, 1976.
Rehearing Denied June 30, 1976.
Writ Granted October 20, 1976.
Attorney(s) appearing for the Case
Robert M. Day, Baton Rouge, for Louisiana Nat. Bank.
Prentice L. G. Smith, Jr., Baker, for Zachary Millworks, Inc.
Guy Modica, Baton Rouge, for Keller Building Products, Inc.
Donald C. Theriot, Baton Rouge, for Marshall Electric, Inc.
William R. Aaron, Baton Rouge, for Charles Madere, d/b/a Madere's Tile.
Albert J. Lord, Zachary, for Bank of Zachary.
Carey J. Guglielmo, Baton Rouge, for National Gypsum Co.
Norman L. Sisson, Baton Rouge, for All State Building Materials.
Charles W. Borde, Jr., Denham Springs, for Double J. Mechanical Contractors, Inc.
Charles O. Simmons, Jr., James Don Thomas, II, Baton Rouge, for Structural Supply.
Charles W. Wilson, E. Drew McKinnis, Judith A. Chevalier, Baton Rouge, Kenneth G. Fink, Jr., Denham Springs, for Louisiana National Building.
Before SARTAIN, EDWARDS and CHIASSON, JJ.
Court of Appeal of Louisiana, First Circuit.
CHIASSON, Judge.
On October 17, 1972 Triple R. Contractors, Inc. mortgaged to Louisiana National Bank (LNB) 4.89 acres of a 6.60 tract Triple R owned in East Baton Rouge Parish. The mortgage was given to secure a loan to be used to construct a 94 unit apartment complex on the property mortgaged. These 94 units were to be Phase I of a larger project. Colwell Mortgage Trust provided 90% of the funds for the project, 10% of...
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