FEDERAL DEPOSIT INS. CORP. v. MEYER

No. 84-1010.

781 F.2d 1260 (1986)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff-Appellee, v. George C. MEYER, Margaret Meyer & Edwin A. Meyer, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 16, 1986.


Attorney(s) appearing for the Case

Richard M. Furgason, Dreyer Foote Streit Furgason & Slocum, Aurora, Ill., for defendants-appellants.

Bryan Krakauer, Sidley & Austin, Chicago, Ill., for plaintiff-appellee.

Before COFFEY and EASTERBROOK, Circuit Judges and GRANT, Senior District Judge.


COFFEY, Circuit Judge.

The defendants appeal the district court's grant of summary judgment in the favor of the plaintiff, Federal Deposit Insurance Corporation ("FDIC"), and ask that the Decree of Foreclosure and that the judgment on a Guaranty be set aside. We affirm.

I

On September 17, 1975, George Meyer executed and delivered an installment note in the amount of $195,000 to the Drovers National Bank of Chicago ("Drivers National"). To secure...

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