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CHASE MANHATTAN BANK v. NATH

2015-09937. Index No. 3532/01.

162 A.D.3d 975 (2018)

80 N.Y.S.3d 158

2018 NY Slip Op 04695

Chase Manhattan Bank, Respondent, v. Prem Nath, Appellant, et al., Defendants.

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

Decided June 27, 2018.

Ordered that the order is affirmed, with costs.

On September 4, 1998, the defendant Prem Nath (hereinafter the defendant) executed a promissory note in the amount of $500,000 in favor of the Long Beach Mortgage Company (hereinafter Long Beach). As security for the note, the defendant executed a mortgage in favor of Long Beach encumbering real property located in Blauvelt. The defendant defaulted on the loan by failing to make the monthly installment payment due January...

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