Plaintiffs seek leave of the court to commence an action to recover an unpaid mortgage debt. The pertinent facts culminating in this motion are as follows:
On April 15, 1970, plaintiffs sold a parcel of real property located in the Town of Islip, County of Suffolk, to the defendant Nellen Development Corporation (hereinafter Nellen). The property consisted of approximately 140 acres of vacant land.
At the time of the...
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