Ordered that the order is reversed, on the law, with costs, the motion is granted, and the complaint is dismissed.
The property in question, a lumberyard, was owned by a partnership known as A & J Holding Co. (hereinafter A & J), and was subject to several mortgages held by the Union State Bank (hereinafter the Bank). A & J was required, inter alia, to maintain fire insurance for the property, with the policy identifying the Bank as the mortgagee...
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