Feldman v. Costa

LOONEY, Justice.

The material facts giving rise to the present controversy are these: In October, 1940, Dr. James T. Mills and wife obtained a loan of $16,000 from the Southern Trust & Mortgage Company, and executed a deed of trust upon certain real estate in the City of Dallas to secure the indebtedness, Aubrey M. Costa being named Trustee.' Among other things, the deed of trust obligated the mortgagors to keep the property adequately insured in some-insurance company acceptable to and designated by the Trustee, against loss by fire and other named hazards, containing the regulation mortgagee…