First Union National Bank v. Weston
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Cardona, P. J.
Appeal from an order of the Supreme Court (Bradley, J.), entered February 4, 1998 in Ulster County, which, inter alia, granted plaintiff’s motion for summary judgment.
In December 1993, defendants Hugh E. Weston and Diane L. Weston obtained a loan from Mid-Hudson Savings Bank FSB, plaintiff’s predecessor in interest, in the amount of $92,500 for the purpose of constructing a home. In connection therewith, the Westons executed a mortgage note and Hugh Weston executed a building loan agreement and mortgage pledging the property to be improved as collateral. The terms of the…
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