Legal Opinion
Provident Federal Savings & Loan Ass'n v. Realty Centre, Ltd.
Appellate Court of Illinois
Decided November 24, 1981No. 80-540PublishedCited by 11 opinions
1Opinion of the CourtJustice Barry
In 1975 Realty Centre, Ltd., executed a promissory note to Provident Federal Savings and Loan Association for the sum of $375,000 at 10 percent interest with the note being secured by a brick office building in Peoria. The note contained the following provision:
“The terms and conditions under which this loan is made are predicated on the continued ownership by the undersigned [Realty Centre] of the real estate set forth in said mortgage and in the event the undersigned’s interest in said real estate is transferred without the consent of the Association, the Association may increase the…
2Cases cited13 opinions
- Wellenkamp v. Bank of AmericaCalifornia Supreme Court · 1978
- Tucker v. Lassen Savings & Loan Ass'nCalifornia Supreme Court · 1974
- Baker v. Loves Park Savings & Loan Ass'nIllinois Supreme Court · 1975
- Nichols v. Ann Arbor Federal Savings & Loan Ass'nMichigan Court of Appeals · 1977
- Century Fed. Sav. & Loan Assn. v. Van GlahnNew Jersey Superior Court Appellate Division · 1976
8 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Provident Federal Savings & Loan Ass'n v. Realty Centre, Ltd.Illinois Supreme Court · 1983
- Martin v. Peoples Mutual Savings & Loan Ass'nSupreme Court of Iowa · 1982
- Redd v. Western Savings & Loan Co.Utah Supreme Court · 1982
- In the Matter of James D. Bailey, Georganna Bailey, Debtors. Appeal of State Bank of ArthurCourt of Appeals for the Seventh Circuit · 1993
- Damen Savings & Loan Ass'n v. Heritage Standard Bank & Trust Co.Appellate Court of Illinois · 1982
6 more not listed; retrieve them via the Exa API.