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IN RE: WEST BUSHWICK URBAN RENEWAL AREA PHASE 2, etc. Jen Jen Garment, Inc., appellant; Maria Cho, respondent, et al., defendant.
In an eminent domain proceeding, the mortgagee, Jen Jen Garment, Inc., appeals (1), as limited by its brief, from so much of an order of the Supreme Court, Kings County (Gerges, J.), dated August 24, 2006, as granted Maria Cho's cross motion for a determination that the total amount she owed to it, inclusive of interest and penalties, was $292,438.43, representing simple interest upon the outstanding balance of her mortgage held by it as of February 28, 2005, and denied that portion of its motion which, in effect, was for a determination that the total amount Cho owed to it was $468,458.61, representing compound interest upon the same outstanding mortgage balance, and (2) from an order of the same court dated November 8, 2006.
ORDERED that the appeal from the order dated November 8, 2006, is dismissed as abandoned; and it is further,
ORDERED that the order dated August 24, 2006, is affirmed insofar as appealed from; and it is further,
ORDERED that one bill of costs is awarded to the respondent.
As the appellant correctly concedes in its brief, the mortgage agreement and note at issue did not include a provision expressly authorizing it to compound interest. Under such circumstances, compound interest is not recoverable (see Gutman v. Savas, 17 A.D.3d 278, 279, 793 N.Y.S.2d 424; DeFalco v. Do, 267 A.D.2d 193, 699 N.Y.S.2d 488; Rourke v. Fred H. Thomas Assocs., 216 A.D.2d 717, 718, 627 N.Y.S.2d 831).
The appellant has not raised any arguments regarding its appeal from the order dated November 8, 2006. Thus, its appeal from that order must be dismissed as abandoned (see Tobacco v. North Babylon Volunteer Fire Dept., 276 A.D.2d 551, 552, 714 N.Y.S.2d 450; Matter of Anonymous v. Grievance Comm. for Second & Eleventh Judicial Dists. of State of New York, 136 A.D.2d 344, 349, 527 N.Y.S.2d 248).
The appellant's remaining contentions are not properly before this Court.
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Docket No: 2007-00524, 2007-00519, 35057 /04
Decided: April 01, 2008
Court: Supreme Court, Appellate Division, Second Department, New York.
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