Toro Credit Co. v. Zeytoonjian

TORO CREDIT COMPANY v. BETTY ANNE ZEYTOONJIAN, TRUSTEE, ET AL. (SC 20534) McDonald, D’Auria, Mullins, Kahn and Ecker, Js. Syllabus The plaintiff sought to foreclose a mortgage on commercial property owned by the defendants that was comprised of parcel A and parcel B, and secured by a promissory note. A remedies provision in the mortgage agreement between the parties permitted the plaintiff to seek foreclosure by sale of both parcels. After the defendants defaulted on the promissory note, the plaintiff commenced the present action and requested that the trial court render judgment of…