South Side Bank & Trust Co. v. Sherlock Homes, Inc.

John C. Bacon appeals from a decree entered in a real estate foreclosure proceeding. The essential facts are uncontroverted. June 17, 1953, Sherlock Homes, Inc., being indebted to plaintiff, simultaneously executed a note in the sum of $8,450 and a mortgage to secure payment of the note. The mortgage conveyed to plaintiff the premises described as follows:

The South Half of Lot Eight and the North Three-quarters of Lot Nine in Block One, in Davis & Todd’s Subdivision, Commonly known as 5318 South Kolin Avenue, in the City of Chicago.

Shortly after the mortgage and note were executed, Sherlock…