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Travelers Ins. Co. v. 633 Third Associates

Appellate Division of the Supreme Court of New York, First Department
Jun 15, 1993
194 A.D.2d 418 (N.Y. App. Div. 1993)

Opinion

June 15, 1993

Appeal from the Supreme Court, New York County (Irma Vidal Santaella, J.).


The record demonstrates plaintiff made a prima facie case of entitlement to foreclosure of the entire property secured by a 1986 mortgage based on its production of the relevant documents and the undisputed fact that defendant had defaulted in its obligation to make payments of principal and interest (see, e.g., Nassau Trust Co. v. Montrose Concrete Prods. Corp., 56 N.Y.2d 175, 183). Although a separate agreement exists between the parties which allowed defendant the right to have a commercial parking lot on the subject property released from the lien upon compliance under specified conditions, defendant clearly failed to satisfy such conditions. Moreover, defendant's claims of waiver and estoppel are unsupported, and we perceive no need for discovery to develop a record on its counterclaims (see, European Am. Bank v. Lofrese, 182 A.D.2d 67, 74).

We have considered defendant's remaining contentions and find them to be without merit.

Concur — Milonas, J.P., Rosenberger, Rubin and Nardelli, JJ.


Summaries of

Travelers Ins. Co. v. 633 Third Associates

Appellate Division of the Supreme Court of New York, First Department
Jun 15, 1993
194 A.D.2d 418 (N.Y. App. Div. 1993)
Case details for

Travelers Ins. Co. v. 633 Third Associates

Case Details

Full title:TRAVELERS INSURANCE COMPANY, Respondent, v. 633 THIRD ASSOCIATES, Appellant

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Jun 15, 1993

Citations

194 A.D.2d 418 (N.Y. App. Div. 1993)
598 N.Y.S.2d 531

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