Case ID: ad_262/html/0707-06.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

In the Matter of the Application of Dollar Savings Bank of the City of New York, the Holder of a First Mortgage on the Premises No. 2525 Frisby Avenue, Bronx County, Owned by Rosina Terilli, for an Order Pursuant to Section 1077-c of the Civil Practice Act. Dollar Savings Bank of the City of New York, Respondent; Rosina Terilli, Appellant.
   The interest paid on the second mortgage, a bona fide junior mortgage executed prior to July 1, 1932, and not shown to be invalid, was a proper charge and deductible from the income of the mortgaged property in this proceeding instituted under Civil Practice Act, section 1077-e. (Matter of Ebling Brewing Co., Inc., v. Bubel Corp., 260 App. Div. 744.) Order appealed from unanimously modified accordingly, and as so modified affirmed. Settle order on notice. Present — Martin, P. J., O’Malley, Townley and Dore, JJ.