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2011 Vermont Code
Title 27 Property
Chapter 7 PROPERTY HELD FOR RELIGIOUS, FRATERNAL OR CHARITAB
§ 742 Payment of insurance expenses


27 VT Stats § 742. (2011 through Adj Sess) What's This?

§ 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.

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