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EXCH. NAT'L BK. v. FARM BUREAU LIFE INS.

No. 81-697.

108 Ill. App.3d 212 (1982)

438 N.E.2d 1247

EXCHANGE NATIONAL BANK, Trustee, et al., Plaintiffs-Appellants, v. FARM BUREAU LIFE INSURANCE COMPANY OF MICHIGAN et al., Defendants-Appellees.

Appellate Court of Illinois — Third District.

Rehearing denied September 3, 1982.

Attorney(s) appearing for the Case

Richard G. Siegel, of Chicago, for appellants.

Sheldon Davidson and Marilee Roberg, both of Pedersen & Houpt, and David P. Schippers, of Schippers & Mackay, both of Chicago, for appellees.

Judgment affirmed.

JUSTICE HEIPLE delivered the opinion of the court:

The plaintiffs, Barry Moss and Steven Bloomberg, are beneficiaries of a land trust with the nominal plaintiff, Exchange National Bank, the trustee. The land trust held title to certain real property. Plaintiffs wanted to erect a commercial building on that land, which was located in Bolingbrook. They contracted with Farm Bureau Life Insurance...

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