Appellate Division of the Supreme Court of the State of New York March 18, 1982 (Chemical Bank v. Econ)

Appeal from an order of the Supreme Court at Special Term (Dier, J.), entered February 13,1981 in Washington County, which granted plaintiff’s motion for summary judgment. On June 9, 1978, plaintiff loaned the sum of $27,800 to defendants, who duly executed a bond and mortgage.