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STATE FARM LIFE INS. CO. v. TOWN & COUNTRY ASSOC.

No. 15935.

85 Ill. App.3d 319 (1980)

406 N.E.2d 923

STATE FARM LIFE INSURANCE COMPANY, Plaintiff-Appellee and Cross-Appellant, v. TOWN AND COUNTRY ASSOCIATES et al., Defendants-Appellants and Cross-Appellees.

Appellate Court of Illinois — Fourth District.

Rehearing denied July 23, 1980.

Attorney(s) appearing for the Case

Robert Oxtoby, of Van Meter, Oxtoby & Funk, of Springfield, and John K. Kallman, of Rudnick & Wolfe, of Chicago, for appellants.

Hugh J. Graham, Jr., and Richard J. Wilderson, both of Graham and Graham, of Springfield, for appellee.

Judgment affirmed.

Mr. JUSTICE GREEN delivered the opinion of the court:

This case concerns application of section 7 of "An Act relating to mortgages of property of public utilities" (Ill. Rev. Stat. 1977, ch. 95, par. 57). The parties do not dispute that it applies to mortgages and trust deeds made by other debtors as well. Section 7 provides a method whereby defaults in periodic payments on obligations secured by such instruments may be cured, even after...

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