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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 27 : Property

Chapter 007 : PROPERTY HELD FOR RELIGIOUS, FRATERNAL, OR CHARITABLE PURPOSES

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.