Kummer v. Lauman

The chattel mortgage in suit was executed on the 14th day of July, 1930, by defendant Lauman. Defendant, Shoemake, is the mortgagee and the payee named in the note secured by said mortgage. On July 23, 1930, defendant, Shoemake, sold and assigned the note and mortgage to plaintiffs. At that time defendant, Shoemake, indorsed said note in blank. Said note was given for the principal sum of $650, with interest thereon from date at 6 per cent per annum, and was payable in monthly installments of $25, including interest, the first payment to be made on the 14th day of August, 1930, and a like…