Case Name: Walter F. Downey, as Receiver of the First National Bank and Trust Company of Yonkers, Respondent, v. Alex. J. White, Inc., Appellant, and Others, Defendants; Kristen Kristensen, Receiver, etc., Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1941-12-08
Citations: 263 A.D. 827
Docket Number: 
Parties: Walter F. Downey, as Receiver of the First National Bank and Trust Company of Yonkers, Respondent, v. Alex. J. White, Inc., Appellant, and Others, Defendants; Kristen Kristensen, Receiver, etc., Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 263
Pages: 827–828

Head Matter:
Walter F. Downey, as Receiver of the First National Bank and Trust Company of Yonkers, Respondent, v. Alex. J. White, Inc., Appellant, and Others, Defendants; Kristen Kristensen, Receiver, etc., Respondent.

Opinion:
Action for the foreclosure of a mortgage on property occupied for business in the city of Yonkers. Order granting receiver's motion to fix the occupational value of the property and requiring the mortgagor to attorn, and denying appellant's cross-motion to vacate the order appointing the receiver, affirmed, with ten dollars costs and disbursements. The showing in respect of the insufficiency of the security for the mortgage debt justified the making of the order. The provision in the mortgage likewise justified the making of the order in view of the clause containing an assignment of the rents. Lazansky, P. J., Hagarty, Carswell, Johnston and Adel, JJ., concur.