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PHOENIX FED. SAV. AND LOAN v. GREAT SOUTHWEST FIRE INS.

No. 52129.

603 P.2d 356 (1979)

PHOENIX FEDERAL SAVINGS AND LOAN, Plaintiff, v. GREAT SOUTHWEST FIRE INSURANCE COMPANY, Appellee, and Union Mutual Insurance Company, Appellant.

Court of Appeals of Oklahoma, Division 2.

Rehearing Denied September 21, 1979.

Approved for Publication November 8, 1979.

Attorney(s) appearing for the Case

Ray H. Wilburn and Scott T. Knowles, Tulsa, for appellee.

C.H. Spearman, Jr., and Robert M. Beck, Edmond, for appellant.

Approved for Publication by Supreme Court November 8, 1979.

NEPTUNE, Judge.

David and Billie Carr owned a home with the mortgage held by plaintiff, Phoenix Federal Savings and Loan (Phoenix Federal). Their homeowner's insurance policy was issued by defendant, Union Mutual Insurance Company (Union Mutual) and contained a loss payable clause in favor of the mortgagee. The Carrs defaulted and Phoenix Federal initiated...

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