Mutual Benefit Life Insurance v. First National Bank

Opinion of the Court by

Judge Settle

Affirming.

In April, 1905, Dr. T. H. G-arvin, of Horse Cave, this State, and his son, Ed L. G-arvin, then a resident of St. Louis, Missouri, or Estonia, New Mexico, borrowed of the appellee, First National Bank of Horse Cave, Ken*540tucky, $1,000.00, for which, they executed their joint note, payable one year after date. There were, at the time of the execution of the note, assigned and delivered to the bank to secure its payment, two policies of insurance of $1,000.00 each on the life' of Ed L. Garvin, one of these being in the Northwestern Mutual Life Insurance…