DAIWA BANK LTD. v. LA SALLE NAT. TRUST, N.A.

Nos. 2-91-0455, 2-91-0926.

593 N.E.2d 105 (1992)

229 Ill. App.3d 366

170 Ill.Dec. 563

DAIWA BANK, LIMITED, Plaintiff-Appellant, v. LA SALLE NATIONAL TRUST, N.A., as Trustee under Trust No. 115586; Lakes of Dundee Development Venture; Monzer Hourani; Parsifal Corporation; Hourani Family Trust; and Hourani International Corporation, Defendants-Appellees.

Appellate Court of Illinois, Second District.

Rehearing Denied June 24, 1992.


Attorney(s) appearing for the Case

Lord, Bissell & Brook, Edward C. Fitzpatrick, argued, Stephen C. Ascher, Albert E. Fowerbaugh, Jr., Diane I. Jennings, argued, Hugh C. Griffin, Chicago, and Meyers, Schuster & Meyers, Mark Schuster, Elgin, for Daiwa Bank, Ltd.

Bochte & Kuzniar, William F. Bochte, St. Charles; McDermott, Will & Emery, John T. Schriver, argued, Steven J. Roeder, argued, Pope & John Ltd.; Gould & Ratner, Howard M. Turner, Chicago, Allen M. Anderson, argued, Ariano, Anderson, Bazos. Hardy, Kramer & Castillo, P.C., Elgin, Smith, Landmeier & Skaar, P.C., James D. Skaar, Geneva, O'Quinn Kerensky & McAninch, Jeremy C. Wicker, Houston Tex.; and Pope & John Ltd., Michael A. Pope, Chicago, for LaSalle National Trust, Lakes of Dundee Dev. Venture, Monzer Hourani, Parsifal Corp. and Hourani Fmly Trust & Venture.


Justice BOWMAN delivered the opinion of the court:

Plaintiff, Daiwa Bank, Limited (Daiwa), initially brought this matter as an interlocutory appeal pursuant to Supreme Court Rule 307(a)(1) (134 Ill.2d R. 307(a)(1)). Daiwa appealed from an order of the circuit court of Kane County directing it to release a mortgage it held on property owned by the defendants, La Salle National trust No. 11586 and Lakes of Dundee Development Venture (collectively, Venture), upon payment...

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