Auto Refinance Corp. v. Biggs

HALL, Chief Justice.

The appellee, Biggs, purchased an automobile, and as part payment therefor executed and delivered to the Lone Star Finance Corporation his note for the sum of $231, payable in eleven monthly installments, the first installment maturing April 1, 1932. At the same time he executed ,a chattel mortgage which contains a provision that, in default made in any payment due, the mortgagee should have the right to declare the entire indebtedness due and payable and to proceed with the collection of the debt, and further authorized the mortgagee to take the automobile by process of…