First Federal Savings & Loan Ass'n v. Capalongo
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Yesawich, Jr., J.
Appeal from an order of the Supreme Court (Ellison, J.), entered November 2, 1988 in Tompkins County, which denied plaintiffs motion for summary judgment.
Plaintiff holds a mortgage on two parcels of property in Tompkins County, one owned by both defendants, their residence, and the other, residential income property, owned by defendant Sophie E. Capalongo (hereinafter defendant) individually, as security for $50,000 which defendants borrowed in 1972 to purchase these properties. The sixth covenant of the mortgage provides, in pertinent part: "in the event of any default in…
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