Clinton Capital Corp. v. Safety Harbor Spa Associates Ltd. Partnership

Order and judgment of the Supreme Court, New York County (Irma Vidal Santaella, J.), entered on or about November 7 and December 26, 1989, respectively, granting summary judgment to the plaintiff on a promissory note, unanimously affirmed, with costs.

In November 1986, defendant Safety Harbor Spa Associates borrowed $300,000 from plaintiff Clinton Capital Corporation and executed a promissory note payable in 60 monthly installments of $7,136.98. Beginning in September 1987, defendant failed to make payments when due, resulting in acceleration of the note and the underlying suit.

Plaintiff moved…