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LOPEZ v. HIGHMOUNT ASSOCS.

101 A.D.2d 618 (1984)

Leandro Lopez, Jr., et al., Appellants, v. Highmount Associates et al., Respondents, et al., Defendants

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

April 5, 1984

¶ On October 1, 1971, plaintiff Leandro Lopez, Jr., and Salustiano Franco sold a 240-acre parcel of land in Ulster County to defendants Peter S. Goertzel and his wife, Karen. As consideration for this parcel, the Goertzels made a $55,000 cash payment and also delivered to plaintiffs Leandro Lopez and his wife Aurora, a bond and purchase-money mortgage to secure a $30,000 indebtedness. The bond and mortgage called for the Goertzels to make payments of $269.65 per month...

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