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EXXON PROCESS & MECHANICAL FEDERAL CREDIT UNION v. MONCRIEFFE

No. 85 CA 0905.

498 So.2d 158 (1986)

EXXON PROCESS & MECHANICAL FEDERAL CREDIT UNION v. Peter MONCRIEFFE and Brenda Spencer Moncrieffe.

Court of Appeal of Louisiana, First Circuit.

November 12, 1986.

Attorney(s) appearing for the Case

Dennis Pennington, Baton Rouge, for plaintiff-appellant Exxon Process and Mechanical Federal Credit Union.

Richard M. Upton, Baton Rouge, for plaintiff-in-reconvention appellee Nathaniel and Suzie Sowell.

Ernest L. Johnson, Baton Rouge, for defendant-appellee Peter and Brenda Moncrieffe.

Before LOTTINGER, SHORTESS and CARTER, JJ.

SHORTESS, Judge.

Exxon Process & Mechanical Federal Credit Union (plaintiff) brings this appeal from a summary judgment dismissing its suit against Nathaniel Sowell and Suzie Mae Burrett Sowell (the Sowells). On August 14, 1971, Peter Moncrieffe and Brenda Spencer Moncrieffe (the Moncrieffes) granted plaintiff a collateral mortgage on a lot owned by them in Baton Rouge. The mortgage was recorded on August 18, 1971. In 1977, plaintiff loaned a sum of money ($6...

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