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366 FOURTH STREET CORP. v. FOXFIRE ENTERS., INC.

149 A.D.2d 692 (1989)

366 Fourth Street Corporation, Respondent, v. Foxfire Enterprises, Inc., Appellant, et al., Defendants

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

April 24, 1989

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

Under Real Property Law § 254 (10), where, as in this case, the parties to a mortgage agree that a receiver may be appointed in the event of default, the appointment of a receiver without notice and without regard to the adequacy of security is proper (see, Clinton Capital Corp. v One Tiffany Place Developers, 112 A.D.2d 911, 912; 500 W. 172nd...

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