Farmers State Bank v. Chick

In November, 1922, Ralph Hyde Chick and wife were the owners of an undivided two-thirds interest in a farm in Lincoln county. The other one-third was owned by Florence Hyde Chick, mother of Ralph Hyde Chick. At that time, the owners joined in executing a mortgage on the farm to the John Hancock Mutual Life Insurance Company, in the sum of $42,000. In October, 1923, the same parties also executed a chattel mortgage against the prospective crop for 1924 in the sum of $11,700, in favor of the Farmers State Bank of Reardon.

Florence Hyde Chick died in March, 1924, and the son, Ralph Hyde Chick,…