Clearfield State Bank v. Contos

CROCKETT, Justice:

Plaintiff, Clearfield State Bank sued Defendant, James G. Contos to foreclose a security agreement (chattel mortgage) on household furniture and equipment because the defendant had failed to make the payments on a $2,500 note for which that property was pledged as security. Upon representations of the defendant that the defendant’s wife Jolene Contos (who was not a party to this suit) had an ownership interest in the property, the trial court refused to grant plaintiff the relief sought.

Upon the application of defendant James Contos- the plaintiff bank on January 4, 1974…