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AGRIBANK, FCB v. WHITLOCK

No. 4-93-0078.

621 N.E.2d 967 (1993)

251 Ill. App.3d 299

190 Ill.Dec. 514

AGRIBANK, FCB, as successor to the Federal Land Bank of St. Louis, a Federally Chartered Corporation, Plaintiff-Appellant, v. Walter H. WHITLOCK, Mary G. Whitlock, Darrell L. Whitlock, Barbara S. Whitlock, Ronald K. Whitlock, Patricia A. Whitlock, Helen M. Whitlock now Helen M. Phillips, Illini Production Credit Association, A Federally Chartered Corporation, Unknown Owners and Non-Record Claimants, Defendants-Appellees.

Appellate Court of Illinois, Fourth District.

September 30, 1993.

Attorney(s) appearing for the Case

Charles E. Theivagt (argued), Gustine & Theivagt, Ltd., Carrollton, for plaintiff-appellant.

Steven N. Mottaz (argued), Thomas, Mottaz, Eastman & Sherwood, Alton, for defendants-appellees.

Justice KNECHT delivered the opinion of the court:

Walter and Mary Whitlock (the parents) signed a note and gave a mortgage on their property for the purpose of assisting their children in obtaining a loan to purchase a farm. The lender subsequently released the children from liability on the note and sought to foreclose on the parents' property. The trial court determined the parents were accommodation makers of the note and the release of the children released the...

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