Sumitomo Bank of Hawaii, Ltd. v. Hawaii Nosan Shokwai, Ltd.

*518OPINION OF THE COURT BY

PETERS, C. J.

This is a suit in equity by the Sumitomo Bank of Hawaii, Limited, an Hawaiian corporation, as mortgagee, to foreclose a chattel mortgage given to it by the Hawaii Nosan Shokwai, Limited, as mortgagor. The debt described in the conditions of the mortgage is “all such sums of money, whether evidenced by promissory notes or by open account, not exceeding in all the sum of Ten Thousand Dollars ($10,000.00) as the Mortgagee may have advanced or shall hereafter advance to the said Mortgagor, within one year from the date hereof on the security of this mortgage or…