SHELBOURNE, District Judge.
On December 16, 1960, the bankrupt executed a "Note and Security Agreement" by which he mortgaged to Popular Finance Corporation (hereinafter called the creditor) certain items of personal property. This "Note and Security Agreement" was duly recorded in the Jefferson County Court Clerk's office on December 27, 1960.
The mortgagor was adjudged a bankrupt in this Court on March 18, 1961. The creditor filed its proof of secured claim...
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