House v. Brackins

BOND, Chief Justice.

This controversy has narrowed down to an issue between plaintiff Ellis P. House and defendant Chas. T. Brackins, over proceeds of a fire insurance policy paid into the registry of the court by Mercantile National Bank. The policy was taken out by C. L. Brooks and wife, in accordance with the terms of a deed of trust contract entered into with Chas. T. Brackins, with loss payable to the mortgagee, to secure payment of a note in the sum of $7,400. Pending suit, a fire occurred, damaging the insured property, on which adjustment of loss was made by the insurance company, in…