State Bank of Loretto v. Loose

Julius J. Olson, Justice.

Plaintiff appeals from a judgment.

On December 31, 1929, defendants were indebted to plaintiff in the sum of $1,500 evidenced by promissory note. To secure payment thereof they executed a chattel mortgage upon certain personal property. The mortgage ivas promptly and properly filed. Later, there being default under the terms and conditions of the mortgage, plaintiff proceeded to foreclose the same by notice. A sale was had and plaintiff bid in the property. To secure possession of the property so mortgaged and sold, or the value thereof if possession could not be had…