Greenwich Savings Bank v. Cabin Holding Corp.

The plaintiff brings this action to foreclose a first mortgage in the principal sum of $300,000 on premises located in New York city. The defendant Cabin Holding Corporation, the owner of the equity in these premises since February 4, 1929, has defaulted in pleading. The only answering defendants, Mary D. Gerard and the executors of the estate of Marcus Daly, are made parties because of an alleged liability for any deficiency judgment that may be found due herein. This liability is predicated upon an extension agreement entered into in 1929 between the plaintiff and Mary D. Gerard and Marcus…