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FED. NAT. MORTG. v. PRUDENTIAL PROPERTY

No. 86 CA 1299.

517 So.2d 201 (1987)

FEDERAL NATIONAL MORTGAGE ASSOCIATION v. PRUDENTIAL PROPERTY AND CASUALTY INSURANCE COMPANY.

Court of Appeal of Louisiana, First Circuit.

November 10, 1987.

Attorney(s) appearing for the Case

Michael H. Rubin, Baton Rouge, and William L. Downing, Baton Rouge, for plaintiff-appellant Federal Nat. Mortg. Ass'n.

John A. Stewart, New Orleans, for defendant-appellee Prudential Property and Cas. Ins. Co.

William Morvant & E. Wade Shows, Baton Rouge, for intervenor-appellee Terry Gaughf and Gloria Gaughf.

Before COVINGTON, C.J., and SHORTESS and SAVOIE, JJ.

SAVOIE, Judge.

This action concerns entitlement to insurance proceeds as between mortgagors and a mortgagee. The mortgagee, Federal National Mortgage Association (hereinafter Federal), filed suit against Prudential Property and Casualty Insurance Company, seeking to obtain the proceeds of a homeowner's insurance policy. The mortgagors, Terry Lane Gaughf and Gloria Burch Gaughf (hereinafter the Gaughfs), intervened, claiming that they were entitled to those proceeds...

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