Legal Opinion
State Bank v. Fioravanti
New York Court of Appeals
Decided December 22, 1980PublishedCited by 39 opinions
1Opinion of the Court
OPINION OF THE COURT
Meyer, J.
A mortgage which contains a dragnet clause, securing not only the bond referred to in the mortgage but in addition any and all further loans from the mortgagee to the mortgagor, subject only to the limitation that the maximum amount secured at any time shall be the original principal amount, secures not only the original $2,500 obligation but also a later $6,800 note of the mortgagors to the mortgagee. Each obligation is secured to the extent of $2,500, though should foreclosure be required it cannot be had for more than $2,500. Moreover, such a provision is…
2Cases cited12 opinions
- Zuckerman v. City of New YorkNew York Court of Appeals · 1980
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- Truscott v. . KingNew York Court of Appeals · 1852
- Ackerman v. . HunsickerNew York Court of Appeals · 1881
- Merchants' National Bank of Whitehall v. HallNew York Court of Appeals · 1881
7 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- R.B. Ventures, Ltd. v. ShaneCourt of Appeals for the Second Circuit · 1997
- R.B. Ventures, Ltd. v. ShaneCourt of Appeals for the Second Circuit · 1997
- Clifford R. Gray, Inc. v. LeChase Construction Services, LLCAppellate Division of the Supreme Court of the State of New York · 2006
- Argent Mortgage Co. v. MentesanaAppellate Division of the Supreme Court of the State of New York · 2010
- Wells Fargo Bank, N.A. v. WebsterAppellate Division of the Supreme Court of the State of New York · 2009
34 more not listed; retrieve them via the Exa API.