In settlement of this action by the bank to recover sums due under three promissory notes executed by Worldwide and guaranteed by defendants Stanley Klein and Donna Klein, Worldwide and Stanley Klein entered into a stipulation of settlement with the bank, dated as of September 15, 1992, in which they agreed to repay the sum of $226,285.66 in monthly installments. The stipulation further provided that, in the event respondents failed to make any payment, the bank could enter...
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