Connecticut National Bank v. Febbroriello, No. 056616 (Aug. 28, 1991)
This text of 1991 Conn. Super. Ct. 7122 (Connecticut National Bank v. Febbroriello, No. 056616 (Aug. 28, 1991)) is published on Counsel Stack Legal Research, covering Connecticut Superior Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Presently before the court is a motion to dissolve the attachments of eleven pieces of property, one of which the defendant doesn't own. The note in question is secured by a mortgage dated November 9, 1988. The plaintiff has declined to foreclose but has chosen rather to sue on the note. See Bank of Boston Connecticut v. Schlesinger,
11. Maker and each endorser, guarantor and surety of this Note, and each other person liable or who shall become liable for all or any part of the indebtedness evidenced by this Note, hereby acknowledge that the transaction of which this Note is a part is a commercial transaction, and to the extent allowed under Connecticut General Statutes Sections
52-278a to52-278n , inclusive, or by other applicable law, hereby waive their right to notice and hearing with respect to any prejudgment remedy which holder or its successors or assigns may desire to use.
It will be noted that section 11 provides in part that the. . . "transaction of which this Note is a part is a commercial transaction, and to the extent allowed under Connecticut General Statutes Section
The question of constitutionality has not been raised by the defendant and has not been addressed by the parties. The defendant has moved to dissolve only on the claim of excessiveness. The evidence before the court establishes that the mortgaged property has a value of $215,000.00. The debt at the present time is $220,080.74. It is therefore clear CT Page 7124 that the attachment of eleven pieces of real estate is excessive. The court finds that a prejudgment attachment of $35,000.00 is justified. Accordingly, the court grants the motion to release all property not required to secure an attachment of $35,000.00.
PICKETT, J.
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