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A.J. SMITH FEDERAL SAV. BANK v. SABUCO

No. 3-12-0578.

989 N.E.2d 315 (2013)

2013 IL App (3d) 120578

370 Ill. Dec. 927

A.J. SMITH FEDERAL SAVINGS BANK, Plaintiff-Appellee, v. John SABUCO, Defendant-Appellant.

Appellate Court of Illinois, Third District.

May 10, 2013.

Attorney(s) appearing for the Case

John V. Schrock , Sabuco, Beck, Hansen & Schrock, P.C., Joliet, for appellant.

Raymond J. Ostler , Nazia J. Hasan , Erin E. Showerman , Chuck T. Little , Gomberg, Sharfman, Gold & Ostler, P.C., Chicago, for appellee.

OPINION

Justice LYTTON delivered the judgment of the court, with opinion.

¶ 1 Plaintiff A.J. Smith Federal Savings Bank made a loan to defendant John Sabuco. The loan was secured by a mortgage on a commercial office building. At the time of the mortgage, Sabuco also executed an assignment of rents in favor of plaintiff. Several months later, after Sabuco made no payments on the mortgage loan, plaintiff filed a complaint for mortgage foreclosure and...

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