Border State Bank of Greenbush v. Farmers Home Group

OPINION

STONEBURNER, Judge

Appellant Farmers Home Group (Insurer) challenges the district court’s grant of summary judgment to respondent Border State Bank of Greenbush (Bank). Because we find no error in the district court’s application of law, we affirm.

FACTS

Bank sold property to Louis Haupt on a contract for deed in 1991. Insurer issued a policy covering the property against fire loss. The policy named Haupt as insured and Bank as “mortgagee,” which was defined in the policy to include contract-for-deed vendors. Insurer knew that Bank was a contract-for-deed vendor. The policy provided that…