Iowa Farm Credits Co. v. Peoples Savings Bank

On April 13, 1920, Charles E. Smith, a resident of Guthrie County, executed a note to appellant for $3,198.90, securing payment thereof by -a chattel mortgage upon “ninety (90) head of yearling calves, located on Hodson pasture, three miles northwest of Menlo, Iowa, whether in excess of the above number or not, together with all increase and offspring of same.” The mortgage was filed for record in the office of the county recorder of Guthrie County, and recorded on the following day. On.or about November 1, 1920, the mortgagor shipped the cattle to South Omaha, Nebraska, consigned to Tagg…