Lenner v. Corso

On or about October 29,1928, the defendants executed and delivered to plaintiffs their bond and mortgage dated October 24, 1928, for $7,500. As a part of that transaction the defendants executed a chattel mortgage to plaintiffs as collateral security. The chattel mortgage contained the following agreements:

*501“ Upon condition, that if the said parties of the first part, shall and do well and truly pay unto the said parties of the second part, their heirs, executors, administrators or assigns Two thousand dollars, according to a certain real estate mortgage executed simultaneously herewith, then…