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CHEM. BANK v. BROADWAY 55-56TH ST. ASSOCS.

220 A.D.2d 308 (1995)

632 N.Y.S.2d 553

Chemical Bank, Respondent, v. Broadway 55-56th Street Associates et al., Appellants

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

October 19, 1995

In this mortgage foreclosure action, plaintiff bank established a prima facie case of its entitlement to summary judgment through the production of the mortgage documents establishing its $30 million loan to defendants, which defendants William Zeckendorf and Swig Investment Company guaranteed up to $15 million, and by proof of defendants' default as of April, 1993, when they ceased making the required $125,000 monthly amortization...

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