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UNITED STATES v. MERRICK SPONSOR CORP.

No. 65-C-1043.

294 F.Supp. 1048 (1968)

UNITED STATES of America, Plaintiff, v. MERRICK SPONSOR CORP. et al., Defendants.

United States District Court E. D. New York.

December 20, 1968.

Attorney(s) appearing for the Case

Joseph P. Hoey, U. S. Atty., Brooklyn, N. Y., for plaintiff; D. Rago, Asst. U. S. Atty., Brooklyn, N. Y., of counsel.

Schiff & Friedman, New York City, for Merrick Sponsor Corp.

MEMORANDUM AND ORDER

TRAVIA, District Judge.

MERRICK SPONSOR CORP. (MERRICK), the mortgagor of certain premises located in New York, New York, defaulted on its note and mortgage, which mortgage was insured by the Federal Housing Commissioner. The mortgagee assigned its rights in the mortgage and note to the Federal Housing Commissioner, and the UNITED STATES brought a foreclosure action. A default judgment was entered which provided that

if the...

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