MFRS. & TRADERS TRUST CO. v. FED. ELECS., INC.


52 A.D.2d 1071 (1976)

Manufacturers and Traders Trust Company, Respondent, v. Federal Electronics, Inc., Appellant, et al., Defendants

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

May 28, 1976


Order unanimously affirmed, with costs.

Memorandum:

Defendant appeals from an order which granted plaintiff's motion for summary judgment in this foreclosure action. Plaintiff is the mortgagee of two instruments executed by Electronics Automation Systems, Inc. (EAS) in 1964 and 1968. At the time this foreclosure action was commenced, the mortgages were in default. Defendant is a judgment creditor of EAS as the result of a judgment entered in Nassau County...

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