Appellate Division of the Supreme Court of New York, 1966

O'Brien v. Empire Discount Corp.

O'Brien v. Empire Discount Corp.
Appellate Division of the Supreme Court of New York · Decided January 20, 1966 · Goldman, Henry, Marsh, Vecchio, Williams
25 A.D.2d 484; 267 N.Y.S.2d 500; 1966 N.Y. App. Div. LEXIS 5121
O'Brien v. Empire Discount Corp.

Opinion of the Court

Judgment affirmed, without costs of this appeal to any party. All concur, except Williams, P. J., and Goldman, J., who dissent and vote for reversal in the following Memorandum: Equity *485and fairness require that the amount received from the condemnation of a portion of the property covered by the Empire Discount Corporation mortgage should have been applied in reduction of the first mortgage. (See Muldoon v. Mid-Bronx Holding Corp., 287 N. Y. 227; Cyllene Corp. v. Eisen, 272 N. Y. 526; Matter of City of New York [Neptune Ave.], 271 N. Y. 331; Matter of City of New York [Houghton Ave.], 266 N. Y. 26, 29.) (Appeal from judgment of Monroe Trial Term foreclosing the mortgage and ordering a sale.)

Present — Williams, P. J., Goldman, Henry, Del Vecchio and Marsh, JJ.

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