Home Life Insurance v. American National Bank & Trust Co.

MEMORANDUM OPINION AND ORDER

ILANA DIAMOND ROVNER, District Judge.

I.INTRODUCTION

Plaintiff Home Life Insurance Company (“Home Life”) has filed a complaint for foreclosure relating to property located at 300 North Michigan Avenue in Chicago, Illinois. Plaintiff alleges that defendants American National Bank and Trust Company (“American National”) and 300 Michigan Associates Limited Partnership have defaulted on a Mortgage and Security Agreement and the Mortgage Note secured thereby. Plaintiff now has moved for the appointment of a receiver for the property. The Court will grant plaintiffs motion.