First Federal Savings & Loan Ass'n v. Walker

This case concerns the application and constitutionality of section 7 of “An Act relating to mortgages ***” (Ill. Rev. Stat. 1979, ch. 95, par. 57), which permits a mortgagor to reinstate a delinquent mortgage upon payment of the amount of delinquency and costs within 90 days of summons in the foreclosure action but prior to a final order of foreclosure. A mortgagor may cure his delinquency under the terms of the statute only once in a five-year period. In an action brought by First Federal Savings and Loan (plaintiff) to foreclose its delinquent mortgage on defendants’ home, which had been…