Markworth v. State Savings Bank

The material question here involved is one of fact. The appellant bank received an assignment of an insurance policy on February 23, 1923, of approximately $2,000, upon the life of Paul C. Markworth. The assignment was for security of indebtedness of said Paul C. Markworth to the bank, and recited an assignment and transfer to the bank of the policy of insurance, “as interest may appear.” On March 1, 1924, the bank took from Paul C. Markworth a chattel mortgage covering crops and other personal property and securing one note for $1,250.00, and “every and all of accounts, notes and dues in any…