Gorschen v. Ivan-Reen Realty Corporation
Opinion
Refusal of the mortgagor to pay a higher rate of interest than that specified in the extension agreement after the expiration of the extension furnished no ground for foreclosure of the mortgage (Brighton Operating Corp. v. Morrison, 291 N. Y. 6). No other question is open for our consideration.
The judgments should be reversed and the complaint dismissed, with costs in all courts.
Lehman, Ch. J., Loughran, Rippey, Lewis, Conway, Desmond and Thacher, JJ., concur.
Judgments reversed, etc.
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59 N.E.2d 33 (Gorschen v. Ivan-Reen Realty Corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.