27 V.S.A. § 742: Payment of insurance expenses
Where this section sits in the code
- Title 27: Property
- Chapter 007: Property Held for Religious, Fraternal, or Charitable Purposes
- Subchapter 002: INSURANCE ON BUILDINGS MORTGAGED TO CHARITABLE INSTITUTIONS
The necessary expenses of such procurement or renewal shall be paid by the mortgagor to such charitable or eleemosynary institution, and shall be a lien upon the property so mortgaged, recoverable with interest annually at the same rate as the debt secured by the mortgage from the time of payment, as part of the moneys secured by such mortgage.
Collected 2026-09-05T17:17:08Z. Source file · JSON