Tupper Lake National Bank v. Chimney Rock, Inc.

The above action was brought to foreclose a mortgage on a large tract of land at Long Lake, Hamilton *92County, New York. Defendant, Chimney Book, Inc., hereinafter referred to as defendant, is the owner of the equity of redemption and, therefore, entitled to surplus moneys. The judgment of foreclosure and sale, in appointing the Beferee, directed him to sell the premises at public auction, and further 11 that said Beferee on receiving the proceeds of sale forthwith pay therefrom the taxes, * * * which are or may become liens at the time of sale ”.

The auction sale took place on August 10, 1968…