Crew III, J.
In April 1994, plaintiff executed a deed conveying certain real property located in the Town of Lloyd, Ulster County, to defendant Shelley A. Williams (hereinafter defendant). Following such conveyance, defendant pledged the property as security for a $200,000 mortgage loan, which was recorded on June 30, 1994. Defendant thereafter obtained a second mortgage loan, again pledging the property as security for $65,000. Finally, defendant obtained a third...
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