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JEFFERSON GUAR. BANK v. LAGOS

No. 94-CA-217.

646 So.2d 1078 (1994)

JEFFERSON GUARANTY BANK v. Mariell Sepulveda LAGOS and Dickens M. Lagos.

Court of Appeal of Louisiana, Fifth Circuit.

November 16, 1994.

Attorney(s) appearing for the Case

Harriet R. Campbell Young, New Orleans, for appellant.

Charles B. Johnson, New Orleans, for appellee.

Before THOMAS F. DALEY, J. Pro Tem., and GAUDIN and GOTHARD, JJ.

THOMAS F. DALEY, Judge Pro Tem.

This appeal arises from a controversy between the pledgee of a collateral mortgage, Jefferson Guaranty Bank (JGB), and the holder of a judicial mortgage, Zurich American Insurance Company (Zurich). At issue is whether subsequent advances by JGB are entitled to retroactive ranking under LSA-C.C. art. 3158 thereby priming Zurich's judicial mortgage which was recorded during the interim between the initial issuance of the collateral mortgage...

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