JOHN B. SANBORN, District Judge.
The bankrupt, on December 31, 1925, gave to F. E. Brown, the petitioner, his note for $700 payable one year after date, and to secure its payment executed a chattel mortgage upon all of his store fixtures and stock in trade, including certain radios. The mortgage, which was a Minnesota contract, contained these provisions:
"Stock to be kept up to $500 in value wholesale at all times, permission being given to sell stock and...
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