Bremyer v. School Ass'n of the Swedish Evangelical Mission Conference

The opinion of the court was delivered by

Johnston, C. J.:

The controversy between the parties to this proceeding is as to the ownership of certain moneys paid by insurance companies as indemnity for losses resulting from the burning of a building on mortgaged land.

The School Association of the Swedish Evangelical' Mission Conference, appellee herein, púrehased a twenty-one acre tract of land, and to secure a part of the purchase price, to wit, $5000, a mortgage had been given on three lots of the tract, upon which a building stood. Three insurance policies were taken out on the *646building, which…