Lopez v. Highmount Associates

Appeal from a judgment of the Supreme Court in favor of defendants, entered June 17, 1983 in Ulster County, upon a decision of the court at Trial Term (Klein, J.), without a jury. K On October 1, 1971, plaintiff Leandro Lopez, Jr., and Salustiano Franco sold a 240-acre parcel of land in Ulster County to defendants Peter S. Goertzel and his wife, Karen. As consideration for this parcel, the Goertzels made a $55,000 cash payment and also delivered to plaintiffs Leandro Lopez and his wife Aurora, a bond and purchase-money mortgage to secure a $30,000 indebtedness. The bond and mortgage called…