Guaranty Life Insurance v. Farmers Mutual Insurance

On September 26, 1928, one D. F. Gingericb was the owner of tbe east half of the northwest quarter (E. %, N. W. 14) and the west half of the northeast quarter (W. N. E. %), of section 15, township 78, range 7, in Johnson county, Iowa, and on said date the appellant herein issued to said D. F. Gingerich its policy of insurance, therein insuring the buildings located on said real estate against loss or damage by fire, wherein a certain dwelling house was insured in the sum of $3,000. At the time of the execution of said policy said real estate was covered by a mortgage in favor of appellee…