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LIMPAR REALTY CORP. v. USWISS REALTY HOLDING, INC.

112 A.D.2d 834 (1985)

Limpar Realty Corp., Appellant, v. Uswiss Realty Holding, Inc., et al., Respondents, et al., Defendants

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

August 8, 1985

On September 2, 1982, defendant Uswiss Realty Holding, Inc. (Uswiss) gave General Electric Credit Corporation (GECC) a mortgage to secure a $1,750,000 note, payable to GECC, guaranteed by defendant Nova Park A.G. Uswiss defaulted on the note when it missed its monthly payments of $24,679, which were due on January 1, February 1 and March 1, 1984.

On March 2, 1984, in accordance with the terms of the note and mortgage, GECC...

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