United States v. Plant

JOHN E. MILLER, Chief Judge.

On January 31, 1961, the plaintiff filed its complaint against the defendants, Robert D. Plant and wife, Lorrayne Plant, to obtain a judgment against defendants for the balance due on (1) a promissory note in the sum of $40,000 dated June 3, 1957, executed and delivered to the Bank of Prescott, Prescott, Arkansas, the payment of which was secured by chattel mortgage on certain personal property of even date, which mortgage and note were assigned to the Small Business Administration on September 7, 1960; (2) a promissory note in the principal sum of $20,000 executed…