The labor world. [volume] (Duluth, Minn.) 1896-current, 1907-09-14
PITFALLS FOR THE UJNWARY
BY P. J. WILLIAMS.

the fire did not occur while the house
was unoccupied; but, the house hav-
Ing once been unoccupied for a period
which, by the terms Of the policy.
made the contract void, the fact that
the house had been reoccupied before
the fire occurred did not revive the
policy. Hence, the company had no
valid contract with Patterson, and OF
course could not be expected to make
good his loss. Patterson would sue!
Well, the company would greatly re-
greet that Patterson should take so Ill
advised action, as it would only result
in increasing Patterson's already large
loss by just so much as the costs of
an action would amount to. And thus
saying, the suave adjuster took his
leave.
Patterson entered suit against the
famous Underwriters Of the World;
but the dispassionate judge ruled that
the fact being admitted that the plain
tiff had violated the conditions OF his
policy in a particular which, by the
contract itself, it was provided should
make the policy void, the policy had
and his family left the house unoccu-
pied, and their subsequent return and
reoccupancy of the, house did not re-
vtve the policy; hence a compulsory
| nom suit.
And without knowing just how or
why, Patterson found himself out OF
court, out seven thousand dollars In
surance, out the costs Of the action,
and out a good round attorneys fee.
OF course, he blames the insurance
company for beating him out of his
| money, but the great Underwriters of
the World still points with pride to
it's unblemished record OF sixty three
years Of prompt settlement OF all legal
| claims.
Necessity Of Recording.
A purchase money mortgage given
by the purchaser Of real estate to the
vendor to secure the payment Of
part or the whole of the purchase
money, is lien on the land conveyed
out being recorded, provided that it
be recorded within sixty days from
the date Of the conveyance. Barry
Halter learned this to his sorrow, and
also to his cost. Harry DIETRICH bought
the old Garman farm for eight thous-
and five hundred dollars; paid two
thousand dollars on the purchase, and
gave Garman a purchase money mort
gage for the balance Of six thousand
five hundred. Garman knew he had
sixty days within which to record his
mortgage, and laid it aside until he
found 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 Halter, and,
telling him that ne wished to buy
fifty-acre tract Of land adjoining the
Garman farm, which he thought he
could buy for fye thousand dollars
he secured a. loan for that amount
from Halter by giving him mortgage
o., the Garman tarT3m. AS soon as the
! mortgage was executed, Haller gave
lDetrich his five thousand dollars, and
placed the mortgage on record. Def
rich did not purchase the fifty-acre
tract (as matter of fact he never
intended to buy it,, and when Halter
spoke to him about the matter Det-
| rich simply said that he had found
more profitable investment elsewhere.
Matters went on for year. DIETRICH
decided to relinquish farming, sold all
his stock at public sale, leased his
! farm, and went west on visit. When
the date for the payment OF the an
nual interest on Hallers mortgage
came around, DIETRICH was visiting in
the west. Halter wrote to him re-
garding the overdue interest, but re-
ceived no reply. This angered him,
| and he determined to issue execution
on his mortgage and sell DIETRICH s
farm. He placed the matter in an
attorneys hands. The attorney looked
over the records, and found Garman's
subsequently to Haller's mortgage but
| taking precedence Of IT,
After considering the situation, on
his attorneys advice Halter issued
execution on his mortgage bought i'll
the property, subject. of course, to
Garman's six thousand five hundred
dollars; paid one hundred and forty
nine dollars costs of the sheriff's sale
pocketed a net loss of three thousand
one hundred and forty-nine dollars, tc
say nothing Of a years interest on his
mortgage; and is now engaged in pay
ing off the Garman mortgage In other
words when he has paid off the Gar
man mortgage, he will have a farm
worth eight thousand five hundred
dollars which will have cost him
eleven thousand nine hundred and
forty-nine dollars.
Mr.. Union Man:-Notify your res.