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AMERICAN BANK v. RED DIAMOND SUPPLY CO.

No. 85-CA-107.

472 So.2d 155 (1985)

AMERICAN BANK v. RED DIAMOND SUPPLY CO., INC. and John R. Pertuit.

Court of Appeal of Louisiana, Fifth Circuit.

Writ Denied September 27, 1985.

Attorney(s) appearing for the Case

Rader Jackson, Shushan, Meyer, Jackson, McPherson & Herzog, New Orleans, for plaintiff-appellee.

R.O. Lewis, Luling, for defendant-appellant.

Before BOUTALL, BOWES and GAUDIN, JJ.

BOWES, Judge.

This suit originated on April 4, 1978 when American Bank instituted proceedings against defendants, Red Diamond Supply Company, Inc. and John R. Pertuit, to recover $94,064.00, together with interest and attorney's fees, as the holder and owner of a promissory note in the amount sued upon. The note, dated February 11, 1977, was executed by both defendants and was secured by the pledge of three mortgage notes, to wit:

1. A collateral mortgage...

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