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FIRST NATIONAL BANK v. LACHENMYER

No. 4-83-0667.

131 Ill. App.3d 914 (1985)

476 N.E.2d 755

FIRST NATIONAL BANK OF THOMASBORO, Plaintiff-Appellee, v. RUSSELL L. LACHENMYER, Defendant-Appellant.

Appellate Court of Illinois — Fourth District.

Opinion filed March 27, 1985.

Attorney(s) appearing for the Case

Frank H. Byers, of Byers, Byers & Greenleaf, of Decatur, for appellant.

Francis J. Davis, of Maloney & Davis, of Urbana, for appellee.

Affirmed in part, and reversed in part and remanded.

JUSTICE TRAPP delivered the opinion of the court:

On May 4, 1982, plaintiff First National Bank of Thomasboro (bank) filed suit seeking judgment against defendant Lachenmyer based on a defaulted $40,000 promissory note in relation to which there was a security agreement on defendant's Beech K-35 airplane and a mortgage of vessel on his 58-foot boat. On May 7, 1982, defendant had the plane moved from Champaign...

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