Bigler v. National Bank

Dykman, J.:

The plaintiff was the owner of a steam sawing and planing mill, and the land on which it was erected, and all the machinery used within it. On the 23d day of January, 1871, he executed and delivered to the Mutual Life Insurance Company of New Yoi’k, a mortgage on the property to secure the payment of $100,000. To the description of the property-in this mortgage were added these words : “Also all buildings and improvements thereon situate and being.” After this, and while yet the plaintiff was the owner m 1871, the mill and the machinery were entirely destroyed by fire, and…