GODFREY STATE BK. v. MUNDY

No. 16031.

90 Ill. App.3d 142 (1980)

412 N.E.2d 1131

GODFREY STATE BANK, Plaintiff and Counterdefendant-Appellant, v. GINA R. MUNDY, Defendant and Counterplaintiff-Appellee. — (SMALL BUSINESS ADMINISTRATION, Plaintiff-Appellant; JERSEY SAVINGS & LOAN, Defendant.)

Appellate Court of Illinois — Fourth District.

Opinion filed November 12, 1980.


Attorney(s) appearing for the Case

Suddes, Davis & Wittman, of Jerseyville, for appellant.

Robert E. Ryan, of Alton, for appellee.


Judgment affirmed.

Mr. PRESIDING JUSTICE MILLS delivered the opinion of the court:

This case centers on interpretation of the Uniform Commercial Code, particularly section 3-415 and section 3-606.

On April 26, 1977, a complaint was filed alleging that defendant and her former husband, Benton I. Mundy, entered into a mortgage with the Godfrey State Bank dated June 1, 1973. The complaint further asserted

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