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N. AMERICAN SEC. LIFE v. HARRIS TRUST & SAV. BANK

No. 93 C 330.

859 F.Supp. 1163 (1994)

NORTH AMERICAN SECURITY LIFE INSURANCE CO., Plaintiff, v. HARRIS TRUST AND SAVINGS BANK, et al., Defendants.

United States District Court, N.D. Illinois, Eastern Division.

July 13, 1994.

Attorney(s) appearing for the Case

Michael B. Weininger, Gregory T. Diamond, Katz, Randall & Weinberg, Chicago, IL, for plaintiff.

Howard A. Harris, Lincolnwood, IL, David H. White, Northfield, IL, for Harris Trust and Sav. Bank, Equest XI Income Partnership, Joseph Garafolo, Harold Lebovic, Marvin Siegel, Paul Theodosis.

James W. Malloy, Chicago, IL, for Richard Prendergast.

MEMORANDUM OPINION

GRADY, District Judge.

Before the court is plaintiff's motion for summary judgment. For the reasons explained in this opinion, the motion is granted.

BACKGROUND

Plaintiff North American Security Life Insurance Co. ("NASL") extended a $705,000 mortgage loan to defendant Harris Trust and Savings Bank as trustee of a trust ("the Trust"), of which defendant...

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