Evening star., 1907-07-14

u N w A RY
thus saying the adjuser took his leave.
Patterson entered suit against the famous Under
writers of the World but the dispassionate TudgeI
ruled that the fact being admitted that the plainti
had violated the conditions of his policy in par
tcular which, by the contract itself it provided
should make the policy void the policy had becomeI
void ten days after Patterson and his family left|
the house unoccupied, and their subsequent re-
turn and reoccupancy of the house did not revive|
the policy; hence compulsory nonSuit.
And without knowing just how why, Patterson
found himself out of court out thousand dollars
insurance, out the of the action and good
insurance company for beating him out of his money
but the great Underwriters of the World still points
with pride its unblemished record of sixty-three
years of prompt settlement of all legal claims.
Necessity of Recording
A PURCHASE money mortgage given by the pur-
chaser of real estate to the vendor to the
payment of part the whole of the purchase
money, lien on the land conveyed from the day
of the conveyance without being recorded, provided
that it be recorded within sixty days from the date
of the conveyance Barry Haller learned this to
his sorrow, and also to his cost. Harry DIETRICH
bought the old Garman farm for eight thousand five
hundred dollars; paid two thousand dollars on the
purchase, and gave Garman purchase money
mortgage for the balance of six thousand five hun
dred Garman knew he had sixty days within
which to record his mortgage, and laid it aside
until he found a convenient opportunity to file it
with the recorder.
In the meantime learning that the mortgage had
not been recorded Che had recorded the deed to
himself at once), DIETRICH went to Haer and, telling
him that he wished to buy fiftyacre tract of land
adjoining the Garman farm. which he thought he
could buy for FIVE thousand dollars, he secured
loan for that amount from Haller by giving him a
mortgage the Garnan farm. As soon as the
mortgage executed, Haer gave DIETRICH his
five thousand dollars, and placed the mortgage on
record DIETRICH did not purchase the fifty-acre
tract (as a matter of fact, he never intended 10
buy it,, and when Haer spoke to him about the
matter DIETRICH simply said that he had found
more profitable investment elsewhere.
Matters went on for year. DIETRICH decided to
leased his farm, and went West visit. When the
date for the payment of the annual interest on
Haers mort gage came around, DIETRICH visiting
in the West. Haller wrote to him regarding the
overdue interest but received no reply. This
gered him, and he determined to issue execution on
his mortgage and sell Detrichs farm He placed
the matter in attorneys hands. The attorney
looked over the records, and found Garmans Fur
chase money mortgage, recorded subsequently to
Hallers mortgage but taking precedence of it.
After considering the situation, on his attorneys
advice Haller issued execution his mortgage
bought in the property, subject, of course, to
Garnan's six thousand five hundred-doar purchase
one hundred and forty-nine dollars costs of the
sheritfs sale, pocketed net loss of three thousand
one hundred and forty-nine dollars, to say nothing
OF years interest on his mortgage; and is
engaged in paying off the Gar1nan mortgage. In
other words, when he has paid off the Garman
mortgage he will have farm worth eight thousand
five hundred dollars which will have cost him
ar,6 h,n1