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LINCOLN FINANCE CORP. v. MORGAN

No. 17,992.

120 Ind. App. 116 (1950)

90 N.E.2d 522

LINCOLN FINANCE CORPORATION v. MORGAN ET AL.

Court of Appeals of Indiana.

Filed February 27, 1950.

Attorney(s) appearing for the Case

Darrel L. Hodson, of Kokomo, for appellant.

Naftzger & Newell, of Kokomo, for appellees.

DRAPER, C.J.

Morgan owned a Pontiac Sedan. On December 27, 1947, he mortgaged it to Lincoln Finance Corporation to secure a loan of $1,556.50. The mortgage was duly recorded on January 6, 1948. About March 1, 1948, Morgan had the automobile delivered to Anderson Motor Sales to be repaired and rebuilt. It was then in a wrecked and dismantled condition, worth only three or four hundred dollars. Anderson did the work and on July 27, 1948, duly recorded notice of intention...

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