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ADVANCE MORT. CORP. v. CONCORDIA MUT. LIFE

No. 84-2098.

135 Ill. App.3d 477 (1985)

481 N.E.2d 1025

ADVANCE MORTGAGE CORPORATION, Plaintiff-Appellee and Cross-Appellant, v. CONCORDIA MUTUAL LIFE ASSOCIATION, Defendant-Appellant and Cross-Appellee.

Appellate Court of Illinois — First District (4th Division).

Rehearing denied August 28, 1985.

Attorney(s) appearing for the Case

Hanson & Shire, P.C., of Chicago (Robert M. Brawley, of counsel), for appellant.

Fisher & Fisher, of Chicago (Joseph J. Ticklin, of counsel), for appellee.

Affirmed as modified.

JUSTICE LINN delivered the opinion of the court:

Plaintiff, mortgage servicer/lender, entered into a "Purchase and Servicing Agreement" with defendant (Investor), whereby plaintiff agreed to sell to defendant certain mortgages on which plaintiff would collect all payments due and make diligent effort to cause the mortgaged premises to be insured and the taxes levied thereon to be paid...

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