Holt v. Guaranty Loan Co.

This is a suit to foreclose a lien on personal property pledged to plaintiff to secure the payment of a loan made on October 11, 1926, by plaintiff to defendant Guaranty and Loan Company, a private corporation, in the amount of $5,000, with interest from date until paid at 8 per cent per annum. Plaintiff alleges, in substance, that the property so pledged by Guaranty and Loan Company consisted of a good and valid promissory note for $13,500, in words and figures following:

"$13,500.00 John Day, Oregon, October 23, 1924.

"On or before five years after date, without grace, I promise to pay to the…