Judgment reversed, on the law, with costs, and new trial granted in accordance herewith.
The subject site is improved with a five-story home for adults, known as the Far Rockaway Manor Home for Adults. On November 15, 1972 a building loan mortgage was recorded between petitioner S. S. & K. Realty Corp. and the National Bank of North America for $3,136,500. On November 22, 1976 petitioner secured from the Manhattan Savings Bank an additional mortgage of $1,063...
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