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EAST TENN. MORTG. CO. v. U.S. FIDELITY & GUAR. CO.

No. S97Q1276.

491 S.E.2d 333 (1997)

268 Ga. 536

EAST TENNESSEE MORTGAGE COMPANY, INC. v. UNITED STATES FIDELITY AND GUARANTY COMPANY et al.

Supreme Court of Georgia.

Reconsideration Denied October 31, 1997.

Attorney(s) appearing for the Case

David J. Gellen, Michael K. Wolensky, Kutak Rock, Thomas Todd, Jr., Atlanta, for East Tennessee Mortgage Company, Inc.

Ben Kingree, Carter & Ansley, Atlanta, for United States Fidelity and Guaranty Company.

CARLEY, Justice.

Blue Ridge Mountain Marina, Inc. (Blue Ridge) borrowed money from First National Bank of Chatsworth (FNB) and, as a condition of the loan, was required to obtain hazard insurance on the property securing the loan. United States Fidelity and Guaranty Company (USF&G) issued an insurance policy, which contained a "loss-payable" clause requiring that payment for any covered loss be made to FNB. A covered...

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