Chicago Federal Savings & Loan Ass'n v. Cacciatore

This case is here on appeal of the United States from a decree of foreclosure and sale in which the government contends that its tax lien was not given adequate priority.

The facts are undisputed and will he set forth in chronological order.

By trust agreement in 1944, a land trust was created with Mutual National Bank of Chicago as trustee and Frank S. Cacciatore as sole beneficiary during his life, remainder to his wife. The pertinent provisions of this agreement will be detailed later in this opinion.

In 1950 the real estate concerned in this foreclosure suit was conveyed to Mutual National…