O'Brien v. Empire Discount Corp. — 25 A.D.2d 484

Majority

p. 484

Robert E. O’Brien, Respondent, v. Empire Discount Corporation, Appellant, et al., Defendants.

Judgment affirmed, without costs of this appeal to any party. All concur, except Williams, P. J., and Goldman, J., who dissent and vote for reversal in the following Memorandum: Equity

p. 485

and fairness require that the amount received from the condemnation of a portion of the property covered by the Empire Discount Corporation mortgage should have been applied in reduction of the first mortgage. (See Muldoon v. Mid-Bronx Holding Corp., 287 N. Y. 227 ; Cyllene Corp. v. Eisen, 272 N. Y. 526 ; Matter of City of New York [Neptune Ave.], 271 N. Y. 331 ; Matter of City of New York [Houghton Ave.], 266 N. Y. 26 , 29.) (Appeal from judgment of Monroe Trial Term foreclosing the mortgage and ordering a sale.)

Present — Williams, P. J., Goldman, Henry, Del Vecchio and Marsh, JJ.

Cases cited

Muldoon v. Mid-Bronx Holding Corp. 287 N. Y. 227 N.Y. 1942-01-08 p. 485
Cyllene Corp. v. Eisen 272 N. Y. 526 N.Y. 1936-10-13 p. 485
In re the City of New York Relative to Widening Neptune Avenue 271 N. Y. 331 N.Y. 1936-07-08 p. 485
In re The City of New York 266 N. Y. 26 N.Y. 1934-12-04 at 29 p. 485