¶ On September 30, 1980, at a real estate closing consummating negotiations between plaintiff and defendant Fretto Enterprises, Inc. (Fretto) for the purchase by plaintiff of premises at 864-870 Crane Street in the City of Schenectady, plaintiff gave a second purchase-money mortgage to Fretto in the sum of $19,500 to be paid in three equal annual installments of $6,500. On the same date and as part of the same transaction, the parties executed a lease of a portion of...
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