Gratton v. Dido Realty Co.
New York Supreme Court
1Opinion of the CourtSidney Leviss, J.
This is an action to foreclose a mortgage on real property and to enforce a security agreement and personal guarantees.
On December 20, 1973 defendant Dido Realty, to secure a building loan, executed and delivered to plaintiff First Mortgage Investors its note for $1,250,000, payable monthly for 18 months, with interest at the rate of 4.25% above the New York prime rate. As collateral security for the payment of the note, the parties entered into a mortgage agreement on December 20, 1973 covering the real property under construction by the defendant in Queens County. The note and mortgage…
2Cases cited9 opinions
- Graf v. Hope Building Corp.New York Court of Appeals · 1930
- Ferlazzo v. RileyNew York Court of Appeals · 1938
- Brown v. . RobinsonNew York Court of Appeals · 1918
- New York State Guernsey Breeders Co-Operative, Inc. v. NoyesNew York Court of Appeals · 1940
- Boston Road Shopping Center, Inc. v. Teachers Insurance & Annuity Ass'nAppellate Division of the Supreme Court of the State of New York · 1961
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- Newfield v. General Motors Corp.Appellate Division of the Supreme Court of the State of New York · 1981
- Romer v. Board of Trustees of Hobart & William Smith CollegesDistrict Court, W.D. New York · 1994
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