YANOFF, J.S.C. (retired and temporarily assigned on recall).
The issues addressed hereafter arise on a motion to set aside a judgment entered July 31, 1987.
A broad summary of the factual context will suffice. Defendant Thomas C. Coyne ("Coyne") borrowed money from plaintiff bank on the security of five race horses. An event of default occurred. The Bank called upon the defendant, pursuant to the security instruments, to collect the security and deliver it...
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