Citicorp Sav. of Illinois v. Rucker
Appellate Court of Illinois
1Opinion of the CourtJustice South
On January 30, 1978, American National Bank and Trust Company of Chicago, as trustee, executed a promissory note in favor of Citicorp Savings of Illinois, n/k/a Citibank, F.S.B., in the original principal amount of $25,000. The note was secured by a mortgage on a six-unit apartment building located at 1456-1458 East 71st Place in Chicago, Illinois. At all relevant times, title to the property was held by the trustee.
On May 1, 1987, counterplaintiff Fred Rucker allowed the insurance on the property to expire. In accordance with paragraph B(l) of the mortgage, Citicorp advised Rucker that it…
2Cases cited21 opinions
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