First Nat. Bank of Newton, Ill. v. Checkley

ALSCHULER, Circuit Judge.

Under date of January 18,1929, bankrupt executed to appellant in Illinois his note for $4,000, due July 18, 1929; also a chattel mortgage of same date which recited that it was given to secure the said note for $4,-000, and another note of the same dato for $1 duo January 1, 1930.

It appears that payments on the $4,000 note had been made, and on January 1, 1930, bankrupt executed an affidavit‘under tho Illinois statute (Smith-Hurd Rev. St. 111. 1929, e. 95, § 1 et seq.) for the purpose of extending the lien of the chattel mortgage, at the same time taking up the $4,000…