Lichtstern v. Forehand

In the contention of defendants’ counsel and in their principal assignment of error herein it is claimed that the insurance moneys were improperly and illegally applied upon the amount claimed to be due on the notes secured by the $10,500 mortgage; that the $12,000 mortgage constituted a first-mortgage lien upon the Platteville real estate; that the $10,500-mortgage constituted a second-mortgage lien; and-that by the application of the proceeds of the insurance policies to the $10,500 mortgage, valuable property covered by said last named mortgage was released, to the great detriment both of…