In March 1986, plaintiff sold defendant an apartment building. The parties executed a purchase-money note and mortgage and a consolidated agreement which merged the purchase-money mortgage and the preexisting bank mortgage (NatWest Mortgage) into a single lien. In April of 1988, plaintiff instituted this foreclosure action as a result of defendant's default on the mortgage note. Pursuant to a settlement agreement, defendant paid the overdue principal and the accrued interest...
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