GARGANO, J.
This appeal involves a contest between two secured creditors of Cobb Garner Vaughn who are competing for the proceeds from the sale of mortgaged cattle. To avoid confusion, we shall hereafter refer to the appellant corporation as "Fireside," to respondent Walter A. Behm as "Behm," and to the debtor, Cobb Garner Vaughn, as "Vaughn."
The pertinent facts are these: In December 1961 Fireside loaned Vaughn $27,200 to purchase a dairy ranch and 68 head...
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