Mortgage securing obligation that is not for the payment of money

La. Civ. Code art. 3294

La. Civ. Code art. 3294

Art. 3294. Mortgage securing obligation that is not for the payment of money A mortgage that secures an obligation other than one for the payment of money secures the claim of the mortgagee for the damages he may suffer from a breach of the obligation, up to the amount stated in the mortgage. Acts 1991, No. 652, §1, eff. Jan. 1, 1992.