King v. Milford National Bank

On November 6, 1936, and prior thereto, one I. Reid Davidson was the owner of a farm subject to a mortgage of about $2,500 held by the defendant to secure the payment of two notes. Davidson was also indebted to the plaintiff in the sum of $715.60, secured by lien on personal property. On November 6, 1936, the barn on the farm and the personal property were destroyed by fire. The barn was insured for $2,000, payable to the defendant as mortgagee. The personal property was not insured. On November 12, 1936, Mr. Davidson gave the plaintiff a second mortgage on the farm. Through a…