Plaintiff, on September 30, 1976, purchased an existing purchase-money mortgage executed June 22, 1970 by one Kenneth Karpe and his wife Robin to Rosamond B. Hoffstatter in the face amount of $25,400, with a balance owing of $16,994.86. On December 13, 1976, he commenced an action to foreclose in which defendant Kirsner appeared and answered. Kirsner is the record owner of the subject property, having gained title upon foreclosure of a junior second mortgage. Kirsner's motion...
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