Whitehead v. Coyle

One John McCracken executed to the appellee a chattel mortgage on certain saloon property, of which he was the owner, to secure the payment of a debt of $150. The mortgage was duly recorded. Sometime after the execution of the mortgage, but before the debt became due, the appellant purchased the mortgaged property of Mc-Cracken, paying him a valuable consideration therefor. The mortgage provides that the mortgagor may retain possession until the debt becomes due, but that after the maturity of the debt the mortgagee may, at any time, seize the property and sell it. The mortgage further…