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PRUDENTIAL INS. CO. OF AMERICA v. KINNEY PLANTATION, INC.

No. 85-778.

498 So.2d 1211 (1986)

The PRUDENTIAL INSURANCE COMPANY OF AMERICA, Plaintiff-Appellee, v. KINNEY PLANTATION, INC., Defendant-Appellant.

Court of Appeal of Louisiana, Third Circuit.

December 17, 1986.

Attorney(s) appearing for the Case

Kenneth Michael Wright, Lake Charles, for defendant-appellant.

William B. Ragland, Lake Providence, John R. Stewart, Lake Charles, for plaintiff-appellee.

Before GUIDRY and DOUCET, JJ., and MANSOUR, J. Pro Tem.

ALFRED A. MANSOUR, Judge Pro Tem.

Plaintiff, The Prudential Insurance Company of America, filed a petition for foreclosure by ordinary process against Kinney Plantation, Inc. Plaintiff alleged that it is payee and holder of defendant's promissory note dated March 2, 1979, in the original amount of $2,750,000.00; that the note was secured by an act of mortgage and chattel mortgage; that there is a balance due of $2,711,419.00; that the defendant failed to pay the annual...

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