James R. Yost v. Alberta G. Morrow

HAMLIN, Circuit Judge.

Mrs. Alberta Morrow, appellee herein, is a co-maker of a promissory note signed by her and one C. A. Butcher on October 17, 1955, at Nyssa, Oregon. The note recited that “for value received” Mrs. Morrow and Butcher would pay to the order of James R. Yost, appellant herein, $7,300.00, with six per cent interest thereon, on or before April 15, 1956, at a named bank in Nyssa, Oregon. 1

This note was secured by a chattel mortgage on certain cattle feed owned by Butcher. The feed was kept on a ranch owned by Mrs. Morrow, but operated and managed by Butcher. The mortgage was…