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ALBANY SAV. BANK v. CLIFTON PARK EQUITY DEVELOPERS, LTD.

46 A.D.2d 823 (1974)

Albany Savings Bank, Respondent, v. Clifton Park Equity Developers, Ltd., et al., Appellants

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

November 7, 1974

Plaintiff in the instant action seeks to foreclose on a mortgage on property owned by the corporate defendant plus recover indemnity from the individual coguarantors on the corporate note for any deficiency. Despite all the arguments raised by the defendants there appears to be no factual issue that at least $7,600 was owed the plaintiff on the mortgage indebtedness in June of 1973, and that at least this amount was not paid following...

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