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ARRA v. FIRST STATE BANK & TRUST CO.

No. 1-92-3529.

621 N.E.2d 128 (1993)

250 Ill. App.3d 403

190 Ill.Dec. 259

Paul J. ARRA and Mary Ann Arra, Plaintiffs-Appellants, v. FIRST STATE BANK & TRUST COMPANY OF FRANKLIN PARK, Defendant-Appellee.

Appellate Court of Illinois, First District, Fourth Division.

July 29, 1993.

Attorney(s) appearing for the Case

Richard M. Kates, Chicago, for plaintiffs-appellants.

Carey, Filter, White & Boland, Chicago (Daniel R. Harper and Edmund P. Boland, of counsel), for defendant-appellee.

Justice HOFFMAN delivered the opinion of the court:

In July 1986, a debtor-creditor relationship existed between the plaintiffs, Paul J. Arra and Mary Ann Arra, and the defendant, The First State Bank and Trust Company of Franklin Park (now known as Affiliated Bank/Franklin Park). Under the notes and other instruments evidencing the relationship, the defendant obtained both a mortgage interest in the plaintiffs' home located in Glen Ellyn, Illinois (the property)...

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