Summary

Joseph P. Bradley New Orleans National Banking Assocacian v…

Thereupon, on the thirty-first of January, 1874, Kennedy & Co. presented a petition for executory process to the judge of the district court for the parish of Terrebonne, setting out therein the two mortgages, the fact that the plantation was incurring indebtedness every year, instead of paying anything, the amount of balance due them, and the notarial act by which Williams had admitted the amount and confessed judgment therefor, and praying for an order of seizure and sale to be directed to the sheriff, for the purpose of satisfying their claim.
Source: Wikisource

Joseph P. Bradley New Orleans National Banking Assocacian v…

Dig. La. arts. 'Executory Process,' III., b, 'Mortgage,' VI., c. 6; Louque, Dig. Id. This rule not only applies to subsequent purchasers from the mortgagor, but to subsequent incumbrancers. Guesnard v. Soulie, 8 La. Ann. 58. The mortgage of Kennedy & Co contained all the requisites required for this process. It was a first mortgage by agreement of all the parties, and contained the pact in question. The fact that the complainants and other creditors had a junior mortgage by virtue of the same instrument makes no difference.
Source: Wikisource

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