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Clinton Cap. v. One Tiffany Place Developers

Appellate Division of the Supreme Court of New York, Second Department
Aug 5, 1985
112 A.D.2d 911 (N.Y. App. Div. 1985)

Opinion

August 5, 1985

Appeal from the Supreme Court, Kings County (Shaw, J.).


Order affirmed, insofar as appealed from, with costs.

Since any lien upon the mortgaged premises held by the defendant City of New York would be affected by a judgment in the instant foreclosure action, said defendant was a proper party thereto and service upon the city was, therefore, sufficient to commence the action ( Wolf v. 120 Middleton Realty Corp., 31 Misc.2d 668). Moreover, "[t]he owner of the equity of redemption need not be served before a receiver is appointed; service upon another proper party also commences the action so as to permit the appointment of a receiver" ( Empire Sav. Bank v Towers Co., 54 A.D.2d 574, 574-575).

Finally, the mortgage in question specifically authorized the appointment of a receiver on application by the mortgagee in an action to foreclose the mortgage. Such a clause authorizes the appointment of a receiver without notice and without regard to the adequacy of the security (Real Property Law § 254; Kestenberg v. Platinum Props. Corp., 112 A.D.2d 268). While a court of equity, in its discretion and under appropriate circumstances, may deny such an application, on this record we find no reason to disturb the determination. Gibbons, J.P., Niehoff, Rubin and Kunzeman, JJ., concur.


Summaries of

Clinton Cap. v. One Tiffany Place Developers

Appellate Division of the Supreme Court of New York, Second Department
Aug 5, 1985
112 A.D.2d 911 (N.Y. App. Div. 1985)
Case details for

Clinton Cap. v. One Tiffany Place Developers

Case Details

Full title:CLINTON CAPITAL CORPORATION, Respondent, v. ONE TIFFANY PLACE DEVELOPERS…

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

Date published: Aug 5, 1985

Citations

112 A.D.2d 911 (N.Y. App. Div. 1985)

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