Cherry v. Peoples Trust Co.

Opinion by

Mr. Justice Schaffer,

Plaintiff brings this action on a policy of title insurance issued by defendant, not to him, but to the Progress Building & Loan Association, mortgagee of a property which plaintiff owns, his only connection with the policy being that an owner’s certificate was also given to him by the company, wherein the issuance of the policy was re cited, and in which it was stipulated that if the mortgage should be paid off and satisfied while plaintiff continued in the ownership of the premises, then a new policy would be executed in his name. The mortgage has not been…