Mahler v. Milwaukee Mechanics Insurance

We cannot bold that the judgment of the court below, upon the pleadings and the statement of agreed facts, is erroneous.

The New York Standard Mortgagee Clause attached to the policy issued in this controversy, is as follows: “New York Standard Mortgagee Clause for use in connection with first mortgage interest on real estate. Loss, or damage, if any, under this policy shall be payable to the Metropolitan Life Insurance Company, as mortgagee (or trustee), as interest may appear, and this insurance, as to the interest of the mortgagee (or trustee) only therein, shall not be • invalidated by any…