Firstmark Standard Life Insurance v. Superior Bank

The plaintiff, Firstmark Standard Life Insurance Company (First-mark), and the defendant, Superior Bank FSB (Superior), both held mortgages on real estate commonly identified as 222 North Michigan Avenue. This real estate was the res of a land trust. After the trust defaulted on its loan, Firstmark filed a complaint seeking foreclosure; subsequently, Superior likewise sought foreclosure. Pursuant to section 2 — 1005 of the Illinois Code of Civil Procedure, both parties filed motions for summary judgment. (Ill. Rev. Stat. 1987, ch. 110, par. 2 — 1005.) The trial court granted Firstmark’s…