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§ 742 — Vermont Law | CourtGPT
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  3. Vermont/
  4. Title 27 - Property/
  5. Chapter 7 - Property Held for Religious, Fraternal, or Charitable Purposes§ 701. Corporate Powers/
  6. § 742
Vermont Legal Code

§ 742

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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.