Farmers & Merchants' Bank v. Hartford Fire Insurance

Respondent bank brought this action to recover under an insurance policy issued by appellant insurance company upon a certain crop of grain. For convenience the respondent will hereinafter be referred to as the bank and appellant as the company.

In June, 1920, one Maughan owned a tract of land near R exburg and contracted to sell the same to parties named Barnhart and White, who went into immediate possession thereof. At the time the contract was entered into Maughan was indebted to the bank in the sum of $2,475 upon two promissory notes which were secured by crop mortgage, and Barnhart and…