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ONONDAGA SAV BANK v. CAL DEV

63 A.D.2d 415 (1978)

Onondaga Savings Bank, Respondent-Appellant, v. Cale Development Co., Inc., Appellant-Respondent, et al., Defendants

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

July 13, 1978

Attorney(s) appearing for the Case

Emil, Kobrin, Klein & Garbus (Sidney Devorsetz and Lombardi, Devorsetz, Stinziano & Smith of counsel), for appellant-respondent.

Mackenzie, Smith, Lewis, Michell & Hughes (John F. Lawton of counsel), for respondent-appellant.

CARDAMONE, J. P., HANCOCK, JR., and WITMER, JJ., concur; DENMAN, J., not participating.

SIMONS, J.

These are appeals from a judgment and order which granted Onondaga Savings Bank a deficiency judgment in mortgage foreclosure proceedings involving property mortgaged to it by defendant Cale Development Co., Inc. The subject property is a leasehold acquired in 1965 by Cale from the Little Falls Urban Renewal Agency upon which Cale constructed a shopping center. In 1968 the lease was assigned by Cale...

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