Manufacturers & Traders Trust Co v. Griffin

Order unanimously reversed on the law with costs, motion granted and matter remitted to Supreme Court for further proceedings in accordance with the following Memorandum: On January 30, 1986, Dennis S. Griffin (defendant) and his former wife, Sheila Griffin, executed a promissory note for the principal sum of $94,000 payable to Central Trust Company (Central Trust). The note was secured by a mortgage on a commercial building that the Griffins owned jointly. On July 28, 1989, the Griffins executed a second promissory note to Central Trust for the principal sum of $34,285.97, secured by a…