This litigation arises from a loan, the amount of which is in dispute, made in December 1983 by plaintiff, Samuel Wittlin, to defendants Schapiro's Wine and Norman Schapiro. The loan was secured by a mortgage on buildings owned by defendants, located at 126 Rivington Street and 133 Norfolk Street in Manhattan.
In June 1986, plaintiff commenced the instant foreclosure proceeding against defendants and on July 30, 1986, defendant Schapiro's Wine filed a petition for...
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