In this mortgage foreclosure action, appellant failed to demonstrate a reasonable excuse and meritorious defense so as to vacate the default at a hearing to compute the amount due under the mortgage. The proceeding has been pending since 1989, and at least two stipulations have been executed by plaintiff in an attempt to settle the matter. Appellant's general partner Mandelbaum was served with notice of the hearing scheduled to be held before the Referee appointed to compute...
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