In May 1988 defendant executed a mortgage in favor of plaintiff on property located in Saratoga County which secured a note in the amount of $300,000. Thereafter, a second mortgage on the same property was executed as security for a $192,700 line of credit. In November 1990 defendant ceased making the required payments for both loans, at which time $294,412.54 was due on the note and $192,834.79 was due on the line of credit. Plaintiff, inexplicably...
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