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KEY BANK OF NEW YORK v. BECKER

88 N.Y.2d 899 (1996)

669 N.E.2d 814

646 N.Y.S.2d 656

Key Bank of New York, Appellant, v. David Becker et al., Respondents.

Court of Appeals of the State of New York.

Decided June 11, 1996.

Attorney(s) appearing for the Case

Hiscock & Barclay, L. L. P., Buffalo (Drew V. Tidwell and Sandra S. O'Loughlin of counsel), for appellant.

James A. Huber, Williamsville, for respondents.

David L. Glass, New York City, for New York Bankers Association, amicus curiae.

Judges SIMONS, TITONE, BELLACOSA, SMITH, LEVINE and CIPARICK concur; Chief Judge KAYE taking no part.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

In 1987, petitioner Key Bank made a loan to Robert J. Bradley, the owner of property, which included a skilled nursing facility leased to respondent Manor Oak Skilled Nursing Facilities, Inc. and managed by respondent Becker. The loan was secured by a note and mortgages on the leased property. As additional security for the loan, Bradley...

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