Brighton Five Cents Savings Bank v. Sawyer

This is an action upon a promissory note secured by a mortgage of real estate. The answer alleges that the plaintiff corporation sold the land mortgaged, and received a certain sum, which should be applied in part payment; and also that the plaintiff has received a certain sum upon a policy of insurance upon the premises, which should be applied in part payment. Upon this part of the answer no question is raised. The answer further alleges, in substance, that the plaintiff undertook to procure further insurance upon the premises payable to the plaintiff as mortgagee in case of loss; that it…