Sportsmen's Park, Inc. v. New York Property Insurance Underwriting Ass'n
Sportsmen's Park, Inc., Doing Business as Astoria Hotel & Cafe & Derby Restaurant v. New York Property Insurance Underwriting Association
Opinion of the Court
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OPINION OF THE COURT
Order affirmed, with costs, and question certified answered in the affirmative for reasons stated in the memorandum at the Appellate Division ( 97 AD2d 893 ).
Concur: Chief Judge Cooke and Judges Jasen, Jones, Wachtler, Meyer and Kaye. Taking no part: Judge Simons.
How later courts describe this case
Explanatory parentheticals written by citing courts — 2 in all; the most informative distinct ones are shown.
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(Under standard mortgage clause, insurer is required to first make payment to mortgagee to extent of its interest in the property, and then to pay balance of loss, if any, to mortgagor so long as mortgagor has not breached any conditions of the policy.)
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