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BANK LEUMI TRUST CO. OF NEW YORK v. SIBTHORP

135 A.D.2d 476 (1987)

Bank Leumi Trust Company of New York, Appellant, v. Marguerite Sibthorp et al., Defendants, and Mylene Liggett et al., Respondents

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

December 29, 1987

Plaintiff's first cause of action sought foreclosure of a mortgage on residential property known as 6 Riverview Terrace in New York City. The mortgage secured a demand note executed by defendants in the sum of $400,000 in return for a personal loan in that amount extended by plaintiff to defendants. The second cause of action was based upon the personal guarantees of defendants with respect to the corporate obligations of Westex, a company owned by defendants. Plaintiff has...

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