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IN RE MILLER

Bankruptcy No. 90-80315, Adv. No. 90-8163.

123 B.R. 46 (1991)

In re Larry L. MILLER and Beverly L. Miller, Debtors. William H. CHRISTISON, Trustee, Plaintiff, v. MORTON COMMUNITY BANK, Defendant.

United States Bankruptcy Court, C.D. Illinois.

January 23, 1991.

Attorney(s) appearing for the Case

Andrew W. Covey, Baymiller, Christison, Radley & Covey, Peoria, Ill., for plaintiff.

Gary T. Rafool, Peoria, Ill., for defendant.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

On October 30, 1985, to secure a $56,000.00 loan, the Debtors gave the Morton Community Bank ("Bank") a first mortgage requiring monthly principal and interest payments of $610.00 and monthly escrow payments for taxes. Approximately two years later, on November 2, 1987, to secure a $10,000.00 loan, the Debtors gave the Bank a second mortgage requiring monthly principal and interest payments of $100.00. Several...

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