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WACHTA v. FIRST FED. SAV. & LOAN ASS'N

No. 81-130.

103 Ill. App.3d 174 (1981)

430 N.E.2d 708

FRED WACHTA et al., Plaintiffs-Appellees, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF WAUKEGAN, Defendant-Appellant.

Appellate Court of Illinois — Second District.

Opinion filed December 31, 1981.

Attorney(s) appearing for the Case

Thomas W. Diver and Robert M. Bollman, both of Diver, Bollman, Grach and Quade, of Waukegan, for appellant.

John L. Swartz, of Giffin, Winning, Lindner, Newkirk, Cohen and Bodewes, of Springfield, for amicus curiae Illinois Savings & Loan League.

Richard J. Biondi and Shelby Yastrow, both of Wasneski, Kuseski, Flanigan and Dixon, of Waukegan, for appellees.

Judgment affirmed.

JUSTICE NASH delivered the opinion of the court:

Defendant, First Federal Savings and Loan Association of Waukegan, appeals from a judgment declaring that a proposed assignment by plaintiffs of their beneficial interest in a land trust would not be a conveyance of title which would entitle the lending institution to accelerate the due date of the entire indebtedness of the mortgage loan it made to plaintiffs.

Plaintiffs, Fred Wachta...

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