MEMORANDUM OPINION
PRENTICE H. MARSHALL, District Judge.
This is an action on a promissory note executed by the defendant, Robert M. Gray ("Gray"), and assigned by the Union National Bank and Trust Co. of Joliet, Illinois, the original payee, to the United States in 1978. Gray had given the bank the note in exchange for a home improvement loan which was guaranteed by the United States Department of Housing and Urban Development ("HUD") pursuant to 12 U.S...
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