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96 Ill. App. 123

Surine v. Winterbotham

Appellate Court of Illinois

Decided July 18, 1901

Appellate Court of Illinois · decided 1901-07-18

<p>1. Parties—In Foreclosure Suits.—The holder of the indebtedness secured, is a proper party to file a bill to foreclose a trust deed.</p> <p>2. Presumptions—Holder of Notes Indorsed in Blank Presumed to be the Owner.—The holder of notes indorsed in blank, will be presumed to be the owner, where no one makes an adverse claim.</p>

Cited by 1 later decisions — most recently July 1934

1 state decisions

Relies on Cheltenham Improvement Co. v. Whitehead · Hutchinson v. Crane · Town v. Alexander

Good law ✅— No negative treatment on recordhow we know

Affirmed · Decided 1901-07-18

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Mr. Justice Sears

¶1delivered the opinion of the court.

¶2It is contended by counsel for appellants that this suit should have been brought in the name of the trustee named in the trust deed, and that it could not be maintained in the name of appellee, the holder of the notes secured. There is no merit in this contention. Cheltenham Co. v. Whitehead, 128 Ill. 279; Dorn v. Colt, 180 Ill. 397; Town v. Alexander, 85 Ill. App. 512.

¶3It is also contended that appellee could not maintain the suit, because he was not the owner of the notes secured by the trust deed. Appellee being the holder of the notes, which were indorsed in blank, it will be presumed that he was the owner, no one making adverse claim thereto. Hutchinson v. Crane, 100 Ill. 269.

¶4And in this case the evidence does affirmatively establish that he was the owner.

¶5Finally, it is urged that the court below erred in appointing a receiver. But the trust deed provided therefor, and the allegations of the verified petition are sufficient to warrant the appointment. The findings of fact in the order of appointment support the order. The argument of counsel as to the homestead rights of appellants is of no force because of the release of all homestead rights by the execution of the trust deed, which specifically provided for such release.

¶6JSTo other reason is presented for disturbing the decree. It will therefore be affirmed.

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