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KLEHM v. GRECIAN CHALET, LTD.

No. 86-2755.

164 Ill. App.3d 610 (1987)

518 N.E.2d 187

CARL H. KLEHM et al., d/b/a The Charles Klehm & Son Nursery, Plaintiffs, v. GRECIAN CHALET, LTD., et al., Defendants (Bank of Palatine, Counterplaintiff-Appellant; Pyrgos, Ltd., et al., Counterdefendants-Appellees).

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

Rehearing denied January 25, 1988.

Attorney(s) appearing for the Case

James A. McKenna and Marshall J. Schmitt, both of Jenner & Block, of Chicago, for appellant.

George E. Dykes, of Chicago, for appellees.

Judgment reversed.

JUSTICE JOHNSON delivered the opinion of the court:

This appeal arises from a countercomplaint by defendant-counter-plaintiff, Bank of Palatine (hereinafter referred to as the Bank), to foreclose three mortgages securing three commercial loans to defendants-counterdefendants Kostas Konstantopoulos and Peter Aivaliotis (hereinafter also referred to as the debtors), totaling $700,000 in principal. All three loans were secured by real estate...

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