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PARTEL, INC. v. HARRIS TRUST & SAV. BK.

No. 81-521.

106 Ill. App.3d 962 (1982)

437 N.E.2d 1225

PARTEL, INC., Plaintiff-Appellee, v. HARRIS TRUST AND SAVINGS BANK, Trustee, et al., Defendants. — (MENDEL MARGOLIS, Plaintiff-Appellant.)

Appellate Court of Illinois — First District (5th Division).

Supplemental opinion filed on denial of rehearing June 30, 1982.

Attorney(s) appearing for the Case

Joel L. Widman and Laurence C. Kozlicki, both of Chicago (Kozlicki, Widman & Schenk, Ltd., of counsel), for appellant.

Allen I. Brown, of Allen I. Brown, Ltd., of Chicago, for appellee.

Order affirmed.

PRESIDING JUSTICE SULLIVAN delivered the opinion of the court:

Plaintiff Mendel Margolis (Margolis) appeals from an order which denied his petition for certain escrowed insurance proceeds and reimbursement for maintenance and other costs, and which granted the counterpetition of plaintiff Partel, Incorporated (Partel), for those insurance proceeds. Margolis contends that (1) he is entitled to the proceeds under a mortgage providing that in...

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