Race v. Traders Insurance

August 28, 1882, the defendants in error issued policies of insurance against fire to one Sarah Hirsch, on a dwelling house.

July 9, 1884, she conveyed the premises to Race, the plaintiff in error, and, to secure a part of the purchase money, Race made promissory notes to Hirsch, secured by a deed of trust in the nature of a-mortgage of the premises to Julius Rosenthal. The policies were, with the assent of the com pa-' nies, assigned by Hirsch, to Race, and, with'like assent, what is called a mortgage clause attached to such policies, in these words:

“mortgage clause.

“Loss, if any, payable to…