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IN RE ESTATE OF LLOYD

Gen. No. 48,849.

44 Ill. App.2d 215 (1963)

194 N.E.2d 525

In the Matter of the Estate of Arthur J. Lloyd, Jr., Deceased. Paul F. Amling, et al., Claimants, Appellants, v. Lorraine J. Lloyd, Executor of the Estate of Arthur J. Lloyd, Jr., Deceased, Appellee.

Appellate Court of Illinois — First District, Third Division.

October 23, 1963.

Attorney(s) appearing for the Case

Lewis, Overbeck & Furman, of Chicago, for appellants.

John Blyer Callahan, of Chicago, for appellee.

MR. JUSTICE DEMPSEY delivered the opinion of the court.

In 1957 Arthur J. Lloyd, Jr., and his wife, Lorraine, entered into a contract with the Oak Park National Bank, trustee, to purchase certain improved property in Oak Park, Illinois, for $205,000. A substantial down payment was made and the contract provided that the balance of the purchase price was to be paid at the rate of $1,155 per month with interest at 5%.

In 1958 the Oak Park National Bank assigned...

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