First-Trust Joint Stock Land Bank v. Cutler

This was an action brought by the First-Trust Joint Stock Land Bank of Chicago, an Illinois corporation, to foreclose a mortgage executed by the defendants appellants on December 21, 1922. At the time the mortgage was signed one of the appellants, Elmer Cutler, who owned an undivided one-fourth interest in the mortgaged premises, was a minor. The mortgage was signed on behalf of the minor by Alvin R. Cutler, his guardian, pursuant to a petition and order of the county court of Shelby county so to do. The mortgage note was payable in instalments, the last instalment maturing on May 1, 1957.

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