Lewis v. Valley Finance Corp.

Appellant, A. L. Lewis, purchased an automobile from the Southtex Motor Company at a price of approximately $900, upon terms of part cash and the bal-atíce in installments, which were secured by a chattel mortgage in which the mortgagee was given the power to mature all unpaid installments in event the mortgagor defaulted in the payment of any installment, and to seize and sell the car in such event. The mortgage embraced a provision that “this mortgage shall apply to and bind not only the mortgagor and mortgagee, but also sh^ll apply to and bind the heirs, executors, administrators,…