Schmahl v. Aurora National Bank

This is an appeal from a decree of the circuit court of Kane county in a foreclosure suit by appellant, M. E. Schmahl, against appellees and cross-appellants.

On June 23, 1932, appellees executed and delivered to the Aurora National Bank their promissory note for $5,000, payable to bearer, due in five years, secured by a trust deed on certain real estate in the city of Aurora, as collateral to an unsecured demand note of Isidor J. Leins for $9,300, dated June 1, 1932, payable to the bank. The trust deed was subordinate to a first mortgage to a building and loan association.

In March 1933, the…