Reports of Cases at Law and in Chancery Argued and Determined in the Supreme Court of Illinois Volume 240

Reports of Cases at Law and in Chancery Argued and Determined in the Supreme Court of Illinois Volume 240

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...177 id. 620.) The further contention is apparently made by counsel for appellant that this condemnation money should have been credited on the interest and not all on the principal, and that if this had been done there would have been no default at the time the bill was filed. This contention is without force, as the bill was filed May 22, 1906, and the money was not paid over to appellee by the county treasurer until June 2, 1906. Appellant further contends that the decree made an improper finding as to the amount of interest due on both the principal and interest notes. The trust deed gave the holder of the notes secured by the trust deed the right to declare all of the notes due on failure to pay the notes. Appellant made default in the payment of certain interest notes. Appellee declared all the notes due and filed her bill May 22, 1906. The condemnation money heretofore referred to was paid complainant June 2, 1906, and endorsed on the principal note as of May 26, 1906, leaving the balance then due on said note $32,311.21. Up to January 13, 1906, the interest was included in the coupon notes maturing on or before that date. From that date until May 22, 1906, when the bill was filed, the interest was computed on $40,000 at six per cent and from then until May 26, 1906, at seven per cent. After May 26, 19o6, --the date of the credit for the amount received from the condemnation proceedings, --interest was computed on the_$32,311.21 balance at seven per cent until March 26, 1907, the date of the master's report. The principal of three of the four coupon notes due at the time of filing the bill (one having been paid) was included in the decree, and also interest at seven per cent from the time of the respective maturities thereof to...show more

Product details

  • Paperback | 228 pages
  • 189 x 246 x 12mm | 413g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236939328
  • 9781236939326