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FEDERAL LAND BANK OF JACKSON v. GUTIERREZ

No. 86-764.

512 So.2d 603 (1987)

FEDERAL LAND BANK OF JACKSON, Plaintiff-Appellant, v. Edward D. GUTIERREZ, et al., Defendants-Appellees.

Court of Appeal of Louisiana, Third Circuit.

July 22, 1987.

Attorney(s) appearing for the Case

Walter M. Hunter, Jr., Alexandria, for plaintiff-appellant.

Gist, Methvin, Hughes & Munsterman, James B. Reichman, John W. Munsterman, Alexandria, for defendants-appellees.

Before DOMENGEAUX, GUIDRY and FORET, JJ.

DOMENGEAUX, Judge.

This suit arose as the result of a mortgage executed on December 18, 1979, by Security First National Bank (Security) as co-trustee of the Ann Blackman Gutierrez Trust. The mortgage in question secured a loan extended by the Federal Land Bank of New Orleans, (now known as the Federal Land Bank of Jackson and hereinafter referred to as the Bank) to Edward D. Gutierez. The Bank, allegedly as the result of Gutierrez's default in repayment, brought...

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