The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
INSURANCE ON BUILDINGS MORTGAGED TO CHARITABLE INSTITUTIONS
(Cite as: 27 V.S.A. § 742)
-
§ 742. Payment of insurance expenses
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.