Fill and Sign the 15th Judicial District Court Parish of Acadia Form

- 1 - DOCKET NO. __________ _____ JUDICIAL DISTRICT COURT IN AND FOR THE PARISH OF __________ STATE OF LOUISIANA TUTORSHIP OF _________________________ , _________________________ , AND _________________________ Filed: __________ _____, 20_____ _________________, Dy. Clk. * * * PETITION TO BORROW MONEY AND TO MORTGAGE MINOR'S INTEREST IN IMMOVABLES The petition of _________________, widower of _________________ , Tutor of the minors, _________________ , _________________, and _________________, all of whom are residents of _________________ Parish, Louisiana, respectfully represents: l. The minors own an undivided one-half interest in th e following described immovable property located in _________________ Parish. That certain tract of land with all improvements th ereon situated, appurtenances thereto belonging and servitudes thereto appertaining, described, depicted and delineated as being situated on the East side of __________ in Section __________ (__________ ), Township __________ ( __________ ) South, Range __________ (__________ ) East, containing __________ and __________ (__________ ) acres, and measuring __________ and __________ (__________ ') feet front on __________ Parish Road No. __________ 4, by a depth between parallel lines, to the proper ty of __________ , and bounded Northerly by the said property of __________; Easterly by the property of __________ ; Southerly by __________; and Westerly by __________ , which lot is with particularity depicted and delineated on the plat of survey of __________ , dated __________ _____, 20_____ . 2. This property, which is immovable, is valued at _________________ AND _________________ ($_________________) DOLLARS on the Sworn Descriptive List which was filed in the succession proceedings of _________________, Probate No. _________________, filed in this parish. 3. The above described property is presently mortgaged to _________________ at the interest rate of _________________ (_________________ %) percent, with a monthly payment of $_________________ per month. 4. Petitioner avers that the interest rates have drastically been reduced since the - 2 - mortgage was initially executed and a significant savings can be had if the mortgage is refinanced, including a reduction in the term of the loan. 5. Attached hereto and made a part hereof are proposed mortgage and mortgage n ote Exhibits A and B, which reflects that _________________ has agreed to refinance the indebtedness on the minor's property at an interest rate of __________ (__________%) percent, with a monthly installment payment of __________ and __________ ($__________) Dollars, for a period of __________ years. 6. It is in the manifest interest and advantage of the se minors, and petitioner accordingly recommends that the proposed mortgage and mortgage note be executed by petitioner in behalf of the minors. 7. __________ , the under-tutor of the minors, concurs in recomme ndations of petitioner, as will appear from the attached concurrence of the under -tutor. WHEREFORE, petitioner prays that his recommendations be homologated and that, accordingly, he be authorized to execute, on behalf of the minors: l. The mortgage note and act of mortgage of which Exh ibits A and B are respective copies, so as to borrow the su m of $ __________ from SJL Mortgage Corporation, bearing an annual interest rate of __________%, with the principal and interest payable in monthly installments of $__________ over a period of __________ years, secured by a first mortgage on the property described in Paragraph l above, and otherwise in accordance with the terms and cond itions set forth in Exhibits A and B. ___________________________________ ______________________________ Attorney at Law ______________________________ __________, La __________ ATTORNEY FOR PETITIONER DOCKET NO. __________ - 3 - __________ JUDICIAL DISTRICT COURT IN AND FOR THE PARISH OF __________ STATE OF LOUISIANA TUTORSHIP OF ____________________, ____________________, AND ____________________ Filed: __________ _____, 20_____ _______________, Dy. Clk. * * * CONCURRENCE OF UNDER-TUTOR BEFORE ME, the undersigned authority, personally ca me and appeared _______________ , under-tutor of the minors, namely, _______________, _______________, and _______________ , who respectfully certifies that he has read all of the allegations of the foregoing petition; that he concurs in the recommendation of _______________, for the identical reasons which are assigned herein. _______________ , Louisiana, this _____ day of _______________, 20_____ . ________________________________ ______________________________ _____________________________ ______________________________ NOTARY PUBLIC - 4 - DOCKET NO. __________ _____ JUDICIAL DISTRICT COURT IN AND FOR THE PARISH OF __________ STATE OF LOUISIANA TUTORSHIP OF _______________, _______________, AND _______________ Filed: __________ _____, 20_____ _______________, Dy. Clk. * * * JUDGMENT Considering the recommendation of the tutor of the minors submitted in the foregoing petition, and the written concurrence of the under -tutor of the minor in that recommendation which is filed in the record of these proceedings: IT IS ORDERED, ADJUDGED AND DECREED that the recomm endation of ____________________ , tutor of the minors, is homologated, and accordingly, he be authorized to execute, on behalf of the minors: The mortgage note and act of mortgage of which Exhibits A and B are respect ive copies, so as to borrow the sum of $ __________ from , bearing an annual interest rate of __________%, with the principal over a period of __________ years, secured by a first mortgage on the property, and otherwise in accordance with the terms and conditions set forth in Exhibits A and B. JUDGMENT READ, RENDERED AND SIGNED in Chambers at __________, __________ Parish, Louisiana, on this _____ day of __________, 20_____ . _____________________________ JUDGE