EAST NEW YORK SAV. BANK v. BACCARAY


214 A.D.2d 601 (1995)

625 N.Y.S.2d 88

East New York Savings Bank, Respondent, v. Ireneo Baccaray et al., Appellants

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

April 10, 1995


Ordered that the judgment is affirmed, with costs.

On October 27, 1986, the defendants executed a promissory note in favor of the plaintiff's assignor in order to finance their purchase of shares of stock in a cooperative corporation and a proprietary lease for a specific cooperative apartment. The note sets forth the principal amount of the loan as well as the schedule and the amount of the monthly payments. The note expressly provides for the acceleration of the...

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