American National Bank & Trust Co. v. Steiner

PRESIDING JUSTICE SCARIANO

delivered the opinion of the court;

On May 20,. 1982, in exchange for a $1.2 million loan obtained from plaintiff American National Bank and Trust Company (Bank), defendant Lester Steiner gave his two promissory notes, on which defendant Paul Skulsky agreed to be guarantor. Each of Skulsky’s guaranties contained provisions which gave the Bank the right to recover costs and attorney fees “paid or . incurred by the Bank in endeavoring to collect the indebtedness, *** or in enforcing this guaranty.”

At the same time, Skulsky executed another agreement with the Bank in…