First Federal Savings & Loan Association of Beresford, South Dakota v. Aetna Insurance Company of Hartford, Connecticut

JOHNSEN, Senior Circuit Judge.

Aetna Insurance Company has appealed from a judgment against it of $19,-802.22 and interest, in a diversity suit brought by First Federal Savings & Loan Association of Beresford, South Dakota, upon a “Savings and Loan Blanket Bond”.

The suit and the judgment were predicated upon provision (D) of the “Insuring Agreements” of the bond, by which Aetna had obligated itself to indemnify First Federal for “Any loss through forgery or alteration of, on, or in any instrument”.

The loss involved was one occurring on a mortgage loan made to a developer named Point (and his…