GEDDES SAV. & LOAN ASS'N v. MISHEL


89 A.D.2d 792 (1982)

Geddes Savings & Loan Association, Respondent, v. Irving Mishel et al., Appellants

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

July 9, 1982


Order unanimously affirmed, with costs, as to defendant Seventh Main Street Corporation; appeal as to defendant Mishel dismissed.

Memorandum:

This is an action to foreclose a mortgage securing a loan of $33,000 at an annual interest rate of 10%. The principal defense is usury. Defendants Lee Terrace, Ltd., and Robert D. Langtry, the original mortgagors, have defaulted on the motion for summary judgment. Defendant Damico is a second mortgagee and has no interest...

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