Dolan v. Spencer

Plaintiff in error is hereinafter referred to as Dolan and defendant in error as Spencer.

Insured buildings, on land held under lease and option to purchase, burned. The question is, who gets the insurance?

Spencer owned 440 acres of land, with improvements and water rights, which carried a $7,000 mortgage. She leased to Dolan for three years, expiring* November 1, 1932. If Dolan paid taxes, and interest on the mortg*ag*e, and on or before November 1, 1932, paid $1,000 with two years ’ interest thereon at five per cent, he was to have a warranty deed, subject to said mortgage. Buildings of the…