Legal Opinion
New York Life Insurance v. Fulton Development Corp.
Appellate Division of the Supreme Court of the State of New York
Decided May 4, 1934PublishedCited by 3 opinions
1Opinion of the CourtMartin, J.
The plaintiff holds the first mortgage on premises at 1950 Andrews avenue, Bronx. The defendant, appellant, owns a second mortgage on the same premises, which are owned by Fulton Development Corporation. On September 25, 1931, the plaintiff and Fulton Development Corporation entered into an extension agreement of the first mortgage. Both the first mortgage and the extension agreement, in addition to the clause providing for the appointment of a receiver, contained the usual clause assigning the rents of the mortgaged premises as further security in the event of a default.
On July 27, 1933, the…
2Cases cited7 opinions
- Freedman's Saving & Trust Co. v. ShepherdSupreme Court of the United States · 1888
- Sullivan v. . RossonNew York Court of Appeals · 1918
- Howell v. RipleyNew York Court of Chancery · 1843
- Ranney v. PeyserNew York Court of Appeals · 1880
- Abrahams v. BerkowitzAppellate Division of the Supreme Court of the State of New York · 1911
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3Cited by3 opinions
- Empire State Collateral Co. v. Bay Realty CorporationDistrict Court, E.D. New York · 1964
- In re the Estate of KiddNew York Surrogate's Court · 1936
- Meeker v. Mayfair Cleaners & Dyers, Inc.Appellate Division of the Supreme Court of the State of New York · 1934