National Bank of Hastings v. Pierce

Opinion by

STEPHENSON, C.

The plaintiff commenced an action against the defendant in replevin for the possession of personal property, for the purpose of foreclosure, covered by a chattel mortgage given to secure the payment of a promissory note then due. The defendant for his answer denied the plaintiff’s right of possession on the grounds: (a) That the cashier of the bank, at the time of the execution and delivery of the notes and mortgage, agreed to renew and extend the . time for payment of the indebtedness from time to time during a period of two years from the date of the mortgage; (b)…