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AMERICAN GENERAL FIRE & CAS. CO. v. REESE

No. 88-4155.

853 F.2d 370 (1988)

AMERICAN GENERAL FIRE & CASUALTY COMPANY, Plaintiff-Appellee, v. Mizell REESE and Barbara Reese, Defendants-Appellants, v. U.S. DEPARTMENT OF AGRICULTURE, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

August 29, 1988.

Attorney(s) appearing for the Case

Paul Henry Kidd, Jr., Monroe, La., for defendants-appellants.

John A. Broadwell, Asst. U.S. Atty., Joseph S. Cage, Jr., U.S. Atty., Leven H. Harris, Asst. U.S. Atty., Shreveport, La., for defendant-appellee.

Sharon W. Ingram, J. Michael Hart, Monroe, La., for plaintiff-appellee.

Before THORNBERRY, WILLIAMS and SMITH, Circuit Judges.

JERRE S. WILLIAMS, Circuit Judge:

Appellants, Mr. and Mrs. Reese, appeal the district court's order releasing insurance proceeds for their home, which was destroyed by fire in 1986, to the Farmers Home Administration (FmHA). The terms of the mortgages which the Reeses gave FmHA on their home as security for crop production loans required them to insure the home for the benefit of FmHA. But the American General Fire and Casualty Co. insurance policy in effect at the...

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