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BARCLAYS BANK OF NEW YORK v. SOKOL

128 A.D.2d 492 (1987)

Barclays Bank of New York, N. A., Respondent, v. Marshall D. Sokol et al., Defendants, and Phyllis K. Sokol, Appellant

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

March 2, 1987

Ordered that the order is affirmed, without costs or disbursements.

On July 10, 1981, the appellant Phyllis K. Sokol and her husband Marshall D. Sokol duly executed and delivered to the plaintiff Barclays Bank, as security for a business loan, a second mortgage on the Sokol family residence securing the $60,000 note of Marshall D. Sokol Associates, Inc., for whose benefit the loan proceeds were intended. Sometime thereafter, however, the loan lapsed into default....

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