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COFFEY v. PEOPLES MORTG. & LOAN OF SHREVEPORT

No. 14718.

408 So.2d 1153 (1981)

James A. COFFEY, et ux, Plaintiffs-Appellees, v. PEOPLES MORTGAGE & LOAN OF SHREVEPORT, INC., Defendant-Appellant, Pioneer Bank & Trust, Third Party Defendant-Appellee.

Court of Appeal of Louisiana, Second Circuit.

December 7, 1981.

Attorney(s) appearing for the Case

Touchstone & Wilson, Ltd. by David M. Touchstone, Shreveport, for defendant-appellant.

Booth, Lockard, Politz & LeSage by John R. D'Anna, Shreveport, for plaintiffs-appellees.

Bodenheimer, Jones, Klotz & Simmons by J. W. Jones, Shreveport, for third party defendant-appellee, Pioneer Bank & Trust.

Before HALL, MARVIN and FRED W. JONES, Jr., JJ.

MARVIN, Judge.

Defendant appeals a summary judgment applying LRS 9:3501 and ordering a forfeiture of $20,317 in interest paid by plaintiffs under the terms of a $121,491 secured note and mortgage executed by plaintiffs in connection with their purchase of a residence in December 1978.1 We affirm. Bamburg v. Lavigne, 403 So.2d 827 (La.App.2d Cir. 1981).

This note, similar to the Bamburg...

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