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SPILLERS v. FIRST NATIONAL BANK

No. 4-82-0156.

109 Ill. App.3d 1100 (1982)

441 N.E.2d 872

RICHARD SPILLERS, Petitioner-Appellant, v. FIRST NATIONAL BANK OF ARENZVILLE, Respondent-Appellee.

Appellate Court of Illinois — Fourth District.

Opinion filed October 26, 1982.

Attorney(s) appearing for the Case

Law Offices of Ronald J. Kanoski, P.C., of Rushville (Ronald J. Kanoski and Scott J. Butler, of counsel), for appellant.

Law Offices of Presney, Huffman, Kelly & Appleton, of Springfield (Robert A. Huffman, of counsel), for appellee.

Affirmed in part, reversed in part and remanded.

PRESIDING JUSTICE GREEN delivered the opinion of the court:

This is the second appeal arising out of a dispute between petitioner-appellant, Richard Spillers, and the First National Bank of Arenzville (bank) over the bank's repossession and sale of two items of collateral subject to the bank's perfected security interest.

On March 14, 1977, petitioner borrowed $25,000 from the bank for the purchase of...

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