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Question: The Bank of Babylon had a security agreement in connection with a loan to Cherno that authorized the bank, in the event of default, to enter Cherno's home and retake the collateral. Using a key, employees of the bank entered Cherno's home and seized the collateral. Is the bank permitted to do so? (Cherno v. Bank of Babylon, N.Y. 54 Misc. 2d 277)

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