Defendant Charles Kannel Corp. (the "corporation") is owner of the property involved in this foreclosure action. In 1953 defendant Harrel Holding Corp. ("Harrel") took a 21-year lease from the corporation covering a portion of the property. At that time, and known to Harrel, there were two existing mortgages against the premises. The first was held by defendant Charles Kannel who controlled the corporate...
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