First National Bank of Jessup v. Cappellini

Opinion by

Hirt, J.,

The facts in this interpleader action are not in dispute. The bank, while the owner of a mortgage given by Angelo Cappellini, made an additional loan to him and Fred Cappellini on their judgment note upon which at the time of this action there was an unpaid balance due the bank of $500. The judgment entered on. the note was a lien on Angelo’s land second to that of the mortgage. The mortgage contained a covenant “to keep the buildings on said premises insured for the benefit of the mortgagee in a sum of not less than $6,000 and take no insurance not payable to the…