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NOR-SHIRE ASSOCS., INC. v. COMMERCIAL UNION INS. CO.

25 A.D.2d 868 (1966)

Nor-Shire Associates, Inc., Respondent, v. Commercial Union Insurance Company et al., Respondents, and Empire Mutual Insurance Co., Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

May 16, 1966

Order affirmed, with $10 costs and disbursements to plaintiff.

The second mortgage, executed by the owner of the real property as mortgagor, contained a standard mortgagee covenant, pursuant to subdivision 4 of section 254 of the Real Property Law, requiring the owner to keep the buildings on the mortgaged premises insured against fire for the benefit of the mortgagee. The policy issued by appellant, which named the mortgagor and its stockholder as the insureds, did...

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