DIME SAV. BANK OF NEW YORK v. PALAZINI


198 A.D.2d 746 (1993)

604 N.Y.S.2d 301

Dime Savings Bank of New York, FSB, Respondent, v. Josephine C. Palazini, Appellant. (And Another Related Action.)

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

November 24, 1993


Crew III, J.

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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