Legal Opinion
Home Savings Bank v. Baer Properties, Ltd.
Appellate Division of the Supreme Court of the State of New York
Decided March 3, 1983PublishedCited by 8 opinions
1Opinion of the Court
OPINION OF THE COURT
Casey, J.
On August 10, 1977, defendant Baer Properties, Ltd. (hereinafter Ltd.) through its president, Kenneth J. Baer, executed a bond (which he personally guaranteed) and a mortgage in the amount of $37,000 at 9%% interest for plaintiff Home Savings Bank of Upstate New York. The mortgage covered premises at 355-363 Broadway, Troy, *99New York, and contained a due-on-sale clause which provided: “That in the event of a sale or sales of the above granted premises while this mortgage shall remain a lien thereon, this mortgage and the bond, note or obligation which it secures…
2Cases cited3 opinions
- United States v. Security Industrial BankSupreme Court of the United States · 1982
- Mutual Real Estate Investment Trust v. Buffalo Savings BankNew York Supreme Court · 1977
- Ceravolo v. BucknerNew York Supreme Court · 1981
3Cited by8 opinions
- Stenger v. Great Southern Savings & Loan Ass'nMissouri Court of Appeals · 1984
- Viereck v. Peoples Savings & Loan Ass'nSupreme Court of Minnesota · 1984
- Tunnell Publishing Co. v. Straus Communications, Inc.Appellate Division of the Supreme Court of the State of New York · 1991
- Boyes v. Valley Bank of NevadaNevada Supreme Court · 1985
- Dupuis v. Yorkville Federal Savings & Loan Ass'nDistrict Court, S.D. New York · 1984
3 more not listed; retrieve them via the Exa API.