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KENTUCKY FARM BUREAU MUTUAL INS. CO. v. CONLEY

498 S.W.2d 122 (1973)

KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY, Appellant, v. Grady CONLEY, Administrator of the Estate of S. Y. Allen, et al., Appellees. The SALYERSVILLE NATIONAL BANK, Appellant, v. Grady CONLEY, Admr., etc., et al., Appellees.

Court of Appeals of Kentucky.

Rehearing Denied September 14, 1973.

Attorney(s) appearing for the Case

Earl R. Cooper, Salyersville, E. Preston Young, Jack Q. Heath, Louisville, for Ky. Farm Bureau Mutual Ins. Co.

Marcus Mann, Salyersville, for The Salyersville National Bank.

Earl Cornett, Cordell H. Martin, Hindman, Marcus Mann, Salyersville, Walter W. Turner, Perry & Greene, Paintsville, for appellees.

PALMORE, Chief Justice.

In January of 1963 the Salyersville National Bank (hereinafter the bank) filed suit against the late S. Y. Allen to foreclose a $2500 mortgage on a house and lot in Magoffin County. The house and its contents were insured against fire in the amount of $6,000* by Kentucky Farm Bureau Mutual Insurance Company (hereinafter Farm Bureau), with a standard mortgage clause in favor of the bank. Following a default judgment...

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