Blue v. 2 Danville Crown Finance Corp.

On December 3, 1969, plaintiffs-appellants Walter F. Blue and Nell Blue entered into a loan contract with defendant-appellee #2 Danville Crown Finance Corporation. By its terms, the loan was to be repaid in equal monthly installments over a period of 36 months with December 3, 1972, as the final payment date.

On December 21,1971, prior to the expiration of 36 months, the parties executed a renewal note. The renewal note was to be paid in 24 equal monthly installments with December 23,1973, as the final payment date.

On November 15, 1974, the plaintiffs filed a complaint in the circuit court…