FIRST FIDELITY BANK, N.A., N.J. v. BOCK


279 N.J. Super. 172 (1994)

652 A.2d 262

FIRST FIDELITY BANK, N.A., N.J., PLAINTIFF, v. GEORGE A. BOCK, CAROL E. BOCK, HUSBAND AND WIFE, THE UNITED STATES OF AMERICA AND TERRA-VEST, DEFENDANTS.

Superior Court of New Jersey, Chancery Division Morris County.

Decided: June 27, 1994.


Attorney(s) appearing for the Case

Richard A. Stein for plaintiff (Valentino, Dunne & Stein, attorneys).

Garry S. Rothstadt for defendant Terra Vest (Bray, Chiocca, Rappaport & Rothstadt, attorneys).


OPINION

MacKENZIE, P.J.Ch.

The court reserved decision on June 24, 1994, after hearing oral argument on cross-motions for summary judgment. The court now grants plaintiff's motion and denies defendant Terra Vest's motion, for the reasons set forth below.

The facts are clear and uncontroverted. On November 17, 1987, plaintiff First Fidelity Bank made a loan to defendants George and Carol Bock, in the amount of $55,000. The loan was secured by a second...

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