Campagna v. Braun

On June 7, 1984, the plaintiffs signed a contract for the purchase of a residence in Glen Cove. The defendant sellers *533signed the contract on June 25, 1984. The contract provided, in pertinent part, that: ”26. This contract is made upon the condition that on or before July 1, 1984, a lending institution selected by Purchaser shall issue a written commitment in the usual form of such lending institution to make a conventional first mortgage loan on the premises upon the terms no less favorable than the following: $125,000 with interest at prevailing rate, payable over at least twenty-five (25)…