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COMMUNITY S. & L. v. COSMOPOLITAN NAT. BANK

Gen. No. 50,677.

72 Ill. App.2d 202 (1966)

219 N.E.2d 103

Community Savings and Loan Association, a Corporation, Plaintiff-Appellant, v. The Cosmopolitan National Bank of Chicago, a National Banking Association, as Trustee Under Trust No. 9731 dated April 18, 1960, John Borghi, et al., Defendants-Appellees.

Appellate Court of Illinois — First District, Third Division.

Rehearing denied July 14, 1966.

Attorney(s) appearing for the Case

Henry T. Synek and David I. Herbst, of Chicago, for appellant.

Benedek & Benedek and Norman Crawford, of Chicago, for John Borghi, appellee.

MR. JUSTICE SCHWARTZ delivered the opinion of the court.

This case involves a dispute over the distribution of rents collected by a receiver of mortgaged premises during the one-year period of redemption following a foreclosure sale. Community Savings and Loan Association (Association), the mortgagee, has appealed from a judgment for $6,733.04 entered against it and in favor of John Borghi, sole holder of the beneficial interest under a land trust in which Cosmopolitan...

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