Walsky v. Fairmont Arms, Inc.

Order of the Supreme Court, Queens County, dated July 7, 1966, confirming the report of the Referee in a surplus money proceeding in an action to foreclose a second mortgage, adopting his conclusions and awarding the surplus moneys of about $6,000 to the assignee of the third mortgage, affirmed, with $10 costs and disbursements. The judgment of foreclosure directed that the parcel be sold subject to a prior mortgage on the premises held by a named bank, on which $400,000 had been advanced and which sum bore interest at the rate of 6% per annum. The copy of the terms provided that the premises…