Coast Mutual Building-Loan Ass'n v. Security Title Insurance & Guarantee Co.

SHINN, J., pro tem.

Appeal by defendant from a judgment of the Superior Court of Los Angeles County, in an action upon a policy of title insurance, insuring plaintiff’s title to a promissory note and trust deed as a first lien upon real property.

Plaintiff loaned the sum of $10,000 upon a promissory note secured by trust deed of real property, in connection with which transaction the defendant wrote its policy of title insurance, by which it insured plaintiff “as the owner or owners of the indebtedness described in and secured by the mort gage, trust deed or other lien or encumbrance referred…