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AMERICAN INSURANCE CO. v. FIRST SAVINGS & LOAN ASS'N

No. 16959.

434 S.W.2d 170 (1968)

The AMERICAN INSURANCE COMPANY et al., Appellants, v. FIRST SAVINGS AND LOAN ASSOCIATION et al., Appellees.

Court of Civil Appeals of Texas. Fort Worth.

Rehearing Denied November 22, 1968.

Attorney(s) appearing for the Case

Johnson, Guthrie, White & Stanfield, and Robert Lee Guthrie, Dallas, for appellant American Ins. Co.

Nelson, Montgomery & Robertson, and David Tate, Wichita Falls, for First Sav. & Loan Ass'n of Burkburnett, Texas.

Thompson, Coe, Cousins & Irons, and Franklin H. Perry, Dallas, for appellee Atlantic Ins. Co.

OPINION

MASSEY, Chief Justice.

We initially consider the case before us as involving the judgment secured by plaintiff First Savings and Loan Association, appellee, as against American Insurance Company, appellant. In other aspects the case will be subsequently discussed.

First Savings, as mortgagee under American's fire insurance policy, recovered a judgment for its interest thereunder. This policy of insurance had been secured by the mortgagor...

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