Snyder, Receiver v. Shaffer's Drug Store

Shaffer’s Drug Store, Ralph W. Shaffer and T. C. Killebrew executed and delivered to Grand National Bank of St. Louis, Missouri, as payee, their joint note in the sum of $2,200, with interest. Certain payments were made and later a note was executed by Shaffer Drug Store and Ralph W. Shaffer for the balance due on the $2,200 note, which last note was secured by a second mortgage on the fixtures in the drug store. The chattel mortgage given to secure the-last-mentioned note contained the recital “being security for balance due on note of $2,200 dated February 23, 1933, with interest at 8 per…