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GREEN POINT SAV. BANK v. STRUM

183 A.D.2d 870 (1992)

Green Point Savings Bank, Appellant, v. Rhoda Strum, Respondent

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

May 26, 1992

Ordered that the order is affirmed, with costs.

On May 15, 1985, the defendant borrowed $89,000 from the plaintiff to purchase a condominium unit. The loan was secured by a mortgage on the defendant's individual unit, which was one of a total of 78 units making up the condominium property. In addition to monthly installments of principal and interest, the defendant was required to deposit one-twelfth of the annual taxes...

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