LOUISIANA NAT. BANK v. BELELLO

No. 89 CA 2140.

577 So.2d 1099 (1991)

LOUISIANA NATIONAL BANK OF BATON ROUGE v. Guy M. BELELLO and Ginger Sutton Belello.

Court of Appeal of Louisiana, First Circuit.

March 28, 1991.


Attorney(s) appearing for the Case

Charles A. Landry, Robert W. Scheffy, Jr., Baton Rouge, for Louisiana Nat. Bank of Baton Rouge.

Errol King, Jr., Baton Rouge, for Premier Bank.

William H. Patrick, III, Baton Rouge, La., for Guy M. Belello.

Bobby L. Forrest, Victor A. Sachse, III, John E. Heinrich, Baton Rouge, for Federal Sav. and Loan Ins. F.S.B. as Receiver for Sun Belt Federal Bank F.S.B. and Mid South Title Ins. Corp.

Before LOTTINGER, SHORTESS and CARTER, JJ.


CARTER, Judge.

This is an appeal from a trial court judgment in a suit involving various promissory notes and mortgages.

FACTS

On May 4, 1983, the defendants, Guy M. and Ginger Sutton Belello, executed a mortgage on certain property, hereinafter called the Trafton property, to secure a note in favor of United Financial Corporation (United) in the principal sum of $416,189.26. On October 31, 1983, defendants executed a collateral mortgage in the amount...

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