American Bonding Co. v. Progressive Permanent Building Loan & Savings Ass'n

This is a suit on a bond given by Wm. A. Wade and the apr pellant to the appellee in the penalty of $ 3,5 00. It recites in the preamble that Wade, by an assignment of a mortgage of even date, had granted and conveyed unto the appellee all those nineteen pieces or parcels of ground described in said assignment, and that it was a condition precedent to said assignment that the appellee should be saved and protected against loss in the premises by the execution of that bond of indemnity. The part of the condition of the bond with which we are concerned-is “that if the said William A. Wade,…