Albers v. Moe

Mr. Justice John J. Sullivan

delivered the opinion of the court.

This proceeding was brought by Charles H. Albers, receiver of the Northbrook State Bank, to foreclose a trust deed securing a $4,000 note executed by Arthur S. Moe and to charge the defendants with any deficiency due plaintiff after the sale of the foreclosed property. Plaintiff’s claim for the deficiency judgment against defendants William E. Webster and Sarah Maude Webster, his wife (hereinafter for convenience sometimes referred to as the defendants) is based entirely upon two extension agreements executed by them, one in 1927…