Rockford Bell Credit Union v. White

Just when the relationship of debtor and creditor between plaintiff, Rockford Bell Credit Union, and Walter R. White began, does not appear from this record. It does appear, however, that on March 6, 1959, White executed a note for $5,000, payable to Rockford Bell Credit Union, and secured its payment by a chattel mortgage. The property described in the chattel mortgage was, “A 1957 Palace Trailer Coach, Serial No. 1045-57-13550.” This indebtedness was to be liquidated by “payments of $90 or more each month,” and the mortgage recites, “This mortgage to further keep secure any renewals,…