Keystone Building Corp. v. Lincoln Savings & Loan Ass'n

Opinion by

Mr. Justice Roberts,

The Keystone Building Corporation, the Lincoln Savings and Loan Association, and the Manufacturers Life Insurance Company of Canada entered into a construction loan agreement on October 7, 1968. Under the terms of the agreement Lincoln agreed to lend Keystone the funds necessary to finance Keystone’s construction of an apartment complex and Manufacturers agreed to be the permanent mortgagee for the project.

In May of 1969, approximately two months after construction had begun, a dispute arose between Lin-*446coin, and Keystone over the terms and conditions under which…