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MATTER OF CLARK

33 Misc.2d 145 (1962)

In the Matter of Alice R. Clark et al., Petitioners.

Supreme Court, Special Term, Nassau County.

February 19, 1962

Attorney(s) appearing for the Case

Frederick C. Edel for petitioner. C. H. Tunnicliffe Jones for respondent.

WILLIAM R. BRENNAN, JR., J.

On or about March 22, 1955, the petitioners in this proceeding delivered to John Cairns their bond and mortgage in the sum of $5,000. The indebtedness was to be liquidated by payments of monthly installments of $60 (or more) commencing April 1, 1955, to be applied to the payment of interest and then to the reduction of principal. The mortgage contained a provision: "that in the event...

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