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WATTS v. TALLADEGA FEDERAL SAV. & LOAN ASS'N

Civ. 3864.

445 So.2d 316 (1984)

David WATTS d/b/a Watts Insurance Agency v. TALLADEGA FEDERAL SAVINGS AND LOAN ASSOCIATION.

Court of Civil Appeals of Alabama.

January 11, 1984.

Attorney(s) appearing for the Case

Phillip H. Smith, Talladega, for appellant.

Margaret L. Fleming of McCrary & King, Talladega, for appellee.

WRIGHT, Presiding Judge.

Talladega Federal Savings and Loan executed a loan, secured by a mortgage upon real property, to James Dewey and Mary F. Ford. As a condition to granting the loan, Talladega Federal required the Fords to make payments, which it held in escrow, for use in the payment of fire insurance on the property. A policy of fire insurance was issued on November 30, 1977, by Utica Fire Insurance Company through its agent David Watts, d/b/a Watts Insurance...

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