Maisel v. J. I. Kislak Mortgage Corp.

PEARSON, TILLMAN, Chief Judge.

The appellants were the plaintiffs in a complaint for declaratory relief wherein they sought a decree that they were not required to maintain in force a certain insurance policy for the full period of the five-year term thereof. The policy had been procured by the plaintiffs as mortgagors under a mortgage requiring that their real property be insured. They claimed the right to substitute another policy upon the first annual renewal date of the original policy. The appellee, a company engaged in the placing and servicing of mortgages, was one of the defendants in…