Majority
p. 632Charles Werner et al., Appellants, v. Minna G. Tuch et al., Respondents. (Submitted January 27, 1890; decided January 31, 1890.)
Headnote
On an appeal in an action for the foreclosure of a mortgage, an undertaking against waste and for the value of the use and occupation of the mortgaged premises operates as a stay of proceedings, without a covenant to pay a deficiency, and it is optional with the appellant which form of undertaking he will give. (Code Civ. Pro. § 1331.)
p. 633The following is the mem. of opinion: “The construction of section 1331 of the Code of Civil Procedure adopted in Grow v. Gcmiock ( 29 Hun, 598 ), which, on an appeal in foreclosure cases, holds that an undertaking against waste and for the value of use and occupation operates as a stay of proceedings without a covenant to pay a deficiency, and that the appellant may choose to give either form of the undertaking with equal effect, is approved for the reasons there given. “ The order should, therefore, be affirmed, with costs.”
Appeal from order of the General Term of the Supreme Court in the fourth judicial department, made September 10, 1889, which affirmed an order of the Special Term staying proceedings in the above entitled action.
Simpson & Werner for appellants.
Reynolds, Stanchfield & Collin for respondents.
opinion for affirmance.
All concur.
Order affirmed.