1. Home
  2. Browse Decisions
  3. Ill.
  4. 90 Ill.
  5. 90 Ill. App.3d 215 (1980)
 

FIRST NAT'L BK. OF LINCOLN v. BROWN

No. 16020.

90 Ill. App.3d 215 (1980)

412 N.E.2d 1078

FIRST NATIONAL BANK OF LINCOLN, Plaintiff-Appellee, v. THOMAS R. BROWN et al., Defendants-Appellants.

Appellate Court of Illinois — Fourth District.

Rehearing denied December 8, 1980.

Attorney(s) appearing for the Case

Mitchem, Tepper & Gwinn, of Urbana (Mitchel Tepper and Kenneth N. Beth, of counsel), for appellants Thomas R. Brown, Lawrence E. Olsen, and L.Z. Reece.

Gaston & Goldstein, of Urbana (William M. Goldstein, of counsel), for appellants Paul G. Clark and Buannah Clark.

Harris & Harris, of Lincoln (Homer B. Harris, Jr., and Thomas M. Harris, of counsel), for appellee.

Judgment reversed.

Mr. JUSTICE CRAVEN delivered the opinion of the court:

Defendants appeal a judgment of foreclosure. They assert that the First National Bank in Lincoln (Bank) should not be permitted to exercise the acceleration clause in a promissory note securing the mortgage.

On April 4, 1977, Thomas R. Brown, Lawrence E. Olsen, and L.Z. Reece (defendants) entered into a partnership agreement for the operation of Lincoln Bonanza Sirloin Pit Restaurant...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases