In re Rosenfeld

This is a motion, pursuant to section 275 of the Real Property Law, to compel the respondent, the holder of a mortgage on petitioners’ property, to execute an assignment thereof to the institution designated by petitioners. A demand was made prior to the bringing of this motion, which demand was refused.

There is no dispute as to the facts herein.

*668The mortgage held by the respondent bears interest at the rate of five per cent plus one-half of one per cent for servicing charge, plus one-half of one per cent for Federal Housing Administration insurance, making a total of six per cent per year…