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BAKER v. LOVES PARK SAV. & LOAN ASS'N

No. 46999.

61 Ill.2d 119 (1975)

333 N.E.2d 1

ROBERT E. BAKER et al., Appellants, v. LOVES PARK SAVINGS AND LOAN ASSOCIATION, Appellee.

Supreme Court of Illinois.

Opinion filed June 2, 1975.

Attorney(s) appearing for the Case

Maynard, Brassfield & Cowan, of Rockford (Alfred W. Cowan, Jr., of counsel), for appellants.

Guyer and Enichen, of Rockford (Edward J. Enichen and David E. Mayfield, of counsel), for appellee.

Giffin, Winning, Lindner, Newkirk, Cohen, Bodewes & Narmont, of Springfield (James M. Winning, of counsel), for amicus curiae Illinois Savings and Loan League.

Appellate court affirmed as modified; circuit court reversed and cause remanded.

MR. JUSTICE RYAN delivered the opinion of the court:

The plaintiffs, Richard E. Baker and Laurie J. Baker, executed a promissory note dated March 5, 1967, payable to the defendant, Loves Park Savings and Loan Association. The note was for $15,700 with interest at 6 percent per annum and provided for monthly installment payments of $102. The note was secured by a mortgage on property...

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