M. A. C. Credit Corp. v. Goodrich

BOYD, Justice.

On June 23, 1953, R. J. Daniel executed and delivered to William E. Rust a chattel mortgage on a truck trailer to secure a note of even date therewith in the sum of $4,044.42, and on the same day the note and mortgage were assigned to and are now owned by appellant M. A. C. Credit Corporation. The mortgage was executed and delivered in Denver, Colorado. It recited that the mortgaged property “is now located and is to be maintained” at Adams City, in Adams County, Colorado. The trailer was to remain in the possession of the mortgagor. The noté was payable in monthly installments,…