Bellmead State Bank, Waco v. Anderson

TIREY, Justice.

Appellant brought this suit for the purpose of obtaining a deficiency judgment against appellee for the balance due on a promissory note executed by appellee and his wife to Rich Plan of Central Texas, which note was secured by a chattel mortgage on a refrigerator, and which note was transferred and assigned before maturity to appellant bank, together with a lien securing the same. Appellant went to trial on its original petition, which set out in detail the nature of the transaction, the amount of its debt and-lien, and alleged that it caused its chattel mortgage lien to be…