Phelps v. Taggart

— The contest in this case is between the appellee Farmers State Bank of Audubon, the holder of a chattel mortgage bearing date April 9, 1926, upon the crops to be grown upon the northeast-quarter of Section 24, Township 80, Range 34, for the. years 1926-27, and the appellant, the holder of three mortgages upon the premises described, for sums aggregating $21,000'. All of the real estate mortgages antedated the chattel mortgage. The court found that the makers of the several notes sued upon were insolvent, and that the value of the land was less than the amount due appellant; but also found…