BUTZEL, J.
On April 24, 1952, Dominic Minchella and wife executed a "chattel mortgage" to one Secondino and wife to secure payment of an indebtedness of $10,591.68 and interest. The "goods, chattels and personal property" mortgaged were described as:
"A class `C' license number 4495. Class `C' located at 4203 Gladwin avenue, Detroit, Michigan, in the name of Dominic Minchella and all of the fixtures and good will, including stock of all sources.
"Subject...
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