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BANK LEUMI TRUST CO. OF NEW YORK v. SAMALOT/EDGE ASSOCS.

202 A.D.2d 282 (1994)

609 N.Y.S.2d 189

Bank Leumi Trust Company of New York, Appellant, v. Samalot/Edge Associates et al., Respondents, et al., Defendants

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

March 17, 1994

Plaintiff seeks to foreclose a matured $1,000,000 blanket first mortgage, dated January 10, 1989, made by Samalot/Edge Associates, of which Samalot Real Estate and West Hills Development are general partners, to High Grade Property, Inc. The encumbered premises are four two-family houses on Zerega Avenue in the Bronx. High Grade is a corporate borrower of Bank Leumi and on February 21, 1989, it pledged and assigned the note and mortgage as collateral for any past or future...

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