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KINGSTON TRUST CO. v. CATSKILL LAND CORP.

43 A.D.2d 995 (1974)

Kingston Trust Company, Respondent, v. Catskill Land Corporation, Appellant

Appellate Division of the Supreme Court of the State of New York, Third Department.

February 14, 1974

Defendant, the owner of two lots in Ulster County on which it desired to construct two residential buildings, executed a construction mortgage and building and loan agreement with the First Federal Savings and Loan Association of Middletown. Defendant also obtained additional financing in the sum of $24,750 from plaintiff, to which it gave two promissory notes each for $12,375. The collateral given for each note was an assignment...

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