As a means of financing the construction of a small subdivision of single-family homes on their acreage in the Town of Woodstock, Ulster County, in 1988 defendants David M. Guido and Andrea E. Guido, individually and as partners in defendant Highwoods Associates (hereinafter collectively referred to as defendants), obtained a $250,000 loan from plaintiff. The loan was secured by a blanket mortgage on the proposed subdivision property, namely...
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