Shanahan v. Hattam

Mr. Presiding Justice Niemeyer

delivered the opinion of the court.

Defendants appeal from an order reviving a judgment by confession entered against them.

On May 20, 1931, defendants executed a principal note to the Northwestern Trust and Savings Bank for the sum of $13,911.67, depositing as collateral thereto a junior trust deed and trust deed note (hereafter referred to as the mortgage note), executed by them in the sum of $15,000. September 26, 1931, the receiver of the bank caused judgment by confession to be entered upon the principal note for $14,946.62. January 18, 1938, a successor…