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BANK OF CHENOA v. BAGBY

No. 4-83-0282.

126 Ill. App.3d 676 (1984)

467 N.E.2d 596

THE BANK OF CHENOA, Plaintiff-Appellee, v. DONALD E. BAGBY et al., Defendants-Appellants.

Appellate Court of Illinois — Fourth District.

Opinion filed August 7, 1984.

Attorney(s) appearing for the Case

Mercer Turner, of Bloomington, for appellants.

Caughey, Legner & Freehill, of Chenoa (John A. Freehill, of counsel), for appellee.

Cause remanded.

PRESIDING JUSTICE MILLS delivered the opinion of the court:

Foreclosure and deficiency judgment.

We affirm.

THE FACTS

In order to obtain funds to finance the purchase and operation of a Yamaha motorcycle dealership, Donald and Shirley Bagby, as Bagby, Inc., gave two notes to the Bank of Chenoa (the Bank). The notes were secured by two real estate mortgages, a security interest in the equipment, parts, and inventory...

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