Federal Savings & Loan Insurance v. Quinn

On February 17, 1964, a judgment by confession in the amount of $315,902.10, was entered in favor of plaintiff, Federal Savings & Loan Insurance Corporation (hereinafter called Federal), against Howard B. Quinn and Charlotte J. Quinn (hereinafter called The Quinns). The subject matter of the judgment was a note in the amount of $300,000, executed by defendants, payable to American National Bank and Trust Company of Chicago, dated

April 2,1963. The note was endorsed on June 19, 1963, to the order of Beverly Savings & Loan Association (hereinafter called Beverly). On December 31,1963, Beverly,…