In February 1993 defendant Tiger Racquet Fitness and Exercise Center, Inc. (hereinafter Tiger) executed a consolidated mortgage note in favor of plaintiff in the principal amount of $1.1 million secured by a mortgage upon real property located in the Town of Ulster, Ulster County. Defendants Mildred Gruberg and Jacob Gruberg, each 25% owners of Tiger, executed separate unconditional personal guarantees to plaintiff which provided that each...
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