Security Insurance v. Eakin

(After stating the foregoing facts.)

What is referred to in the petition as “what are known as New York mortgagee clauses,” and contained in the policy are in part as follows: “Loss or damage, if any, under this policy shall *259be payable to W. S. Ealrin as first and second mortgagee as mortgagee (or trustee) as interest may appear, and this insurance, as to the interest of the mortgagee (or trustee) only therein, shall not be invalidated by any act or neglect of the mortgagor or owner of the within described property, nor by any foreclosure or other proceedings or notice of sale relating to the…