Oceanic Investing Co. v. Twenty-eighth Street & Seventh Avenue Realty Co.
Opinion of the Court
The action is the usual one for the foreclosure of a mortgage. A large number of defendants are named, most of them presumably tenants of the property, but the present motion is directed only against the defendant Rodel, said to be a junior mortgagee, who has interposed an answer, although no personal judgment is asked against him. He does not deny the mortgage, nor the fact that default has been made in the payment of the principal according to the terms of the mortgage. He denies for lack of knowledge or information sufficient to form a belief certain allegations which, as to him, at least, are immaterial, and undertakes to deny, although rather awkwardly, the allegation as to the non-payment of interest. This, however, is not material, because the non-payment of the
Case-law data current through December 31, 2025. Source: CourtListener bulk data.