Glen Ellyn Savings & Loan Ass'n v. State Bank of Geneva

Defendant Robert E. Nilles, Inc., appeals from a decree foreclosing a mortgage and supplemental orders entered therein which declared its interest in the subject property to be inferior to plaintiff’s and determined its right to redeem had expired.

Plaintiff, Glen Ellyn Savings and Loan Association (hereinafter Glen Ellyn), filed its complaint to foreclose a mortgage dated December 23, 1972, and recorded December 26, 1972, given to it by defendants Ralph and Rose Cantrell to secure their note for *102,500 which Glen Ellyn also held. The property securing the mortgage consisted of 12 vacant lots…