Majority
Order, Supreme Court, Bronx County (Norma Ruiz, J.), entered on April 6, 2012, which, inter alia, denied defendant America’s Wholesale Lender’s motion for a money judgment against plaintiff, unanimously modified, on the law, to the extent of granting said defendant a money judgment in the amount of $63,099.40, and otherwise affirmed, without costs. The Clerk is directed to enter judgment accordingly.
The so-ordered stipulation, dated January 14, 2008, executed by counsel, constitutes a binding contract which requires plaintiff to make monthly use and occupancy payments to America’s Wholesale Lender (AWL), which lender issued two mortgages against property owned and/or occupied by plaintiff (see CPLR 2104). While these payments were to be made to AWL’s counsel, there were no restrictions on AWL’s use of the moneys, which were not required to be placed in escrow. To the contrary, the payments were to be made “on account of the mortgage indebtedness.”
Concur — Friedman, J.E, Sweeny, Acosta, Saxe and ManzanetDaniels, JJ.
Cases cited
- Hallock v. State 64 NY2d 224 p. 573