Stevenson v. Lord

E. M. & L. R. Smith borrowed of Mrs. Lord a sum of money, giving their promissory note therefor, secured by a chattel mortgage upon certain personal property, which was duly filed for record. The mortgage contained a provision permitting the mortgagors to retain possession of the property until default in payment of the note, or until the happening of certain other contingencies therein speci- . fied. The property while thus situated was attached by a creditor of the mortgagors. By virtue of such attachment Mrs. Lord became entitled to immediate possession of the mortgaged chattels. She…