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SPORTSMEN'S PARK, INC. v. NEW YORK PROP. INS. UNDERWRITING ASS'N

97 A.D.2d 893 (1983)

Sportsmen's Park, Inc., Doing Business as Astoria Hotel & Cafe & Derby Restaurant, Respondent-Appellant, v. New York Property Insurance Underwriting Association, Appellant-Respondent, et al., Defendant

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

November 17, 1983

In 1973, plaintiff conveyed a mortgage on its restaurant and hotel properties in the Town of Rosendale, Ulster County, to defendant First National Bank of Highland (the bank) to secure an indebtedness of $55,000. In accordance with the terms of the mortgage, plaintiff procured a fire insurance policy from defendant New York Property Insurance Underwriting Association (the association) containing a standard mortgagee clause which...

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