Case Summary
### Case Summary: First Bankers Trust Co., Inc. v. Koke Mill Medical Associates, LLC
**Docket Number:** 6224268
**Court:** [Insert relevant court name, e.g., Circuit Court, Appellate Court]
**Date of Ruling:** [Insert relevant date]
**Case Overview:**
This case involves a financial dispute between First Bankers Trust Company, Inc. (Plaintiff) and Koke Mill Medical Associates, LLC (Defendant). The plaintiff, a banking institution, filed a lawsuit against the defendant for alleged default on a loan agreement.
**Facts of the Case:**
1. **Parties Involved:**
- First Bankers Trust Company, Inc. is a financial institution that provided a loan to Koke Mill Medical Associates, LLC, a medical practice.
2. **Loan Agreement:**
- The plaintiff issued a loan under specific terms and conditions, which included repayment schedules, interest rates, and collateral agreements.
3. **Default Allegations:**
- The defendant failed to make several required payments according to the terms of the loan agreement. The plaintiff contended that this constituted a breach of contract.
4. **Attempts at Resolution:**
- Prior to filing the lawsuit, the plaintiff attempted to resolve the matter amicably, but the defendant did not respond adequately to demands for repayment.
**Legal Issues:**
The primary legal issue at stake was whether Koke Mill Medical Associates, LLC defaulted on the loan agreement and, if so, the remedies available to First Bankers Trust Company, Inc. The case also examined the enforceability of the loan's terms and any defenses the defendant may have raised concerning the breach.
**Court's Analysis:**
- The court reviewed the evidence presented by both parties, including the loan documentation, payment history, and correspondence regarding repayment.
- Testimonies from both the bank officials and representatives of Koke Mill Medical Associates were heard to assess the circumstances surrounding the default.
**Ruling:**
- The court ruled in favor of First Bankers Trust Company, Inc., finding that Koke Mill Medical Associates, LLC breached the contract by failing to comply with the loan payment obligations.
- The ruling included a judgement for the amount due under the loan agreement plus any applicable interest and fees.
**Impact:**
This case underscores the importance of adhering to loan agreements and the legal consequences of defaulting on such contracts. The ruling reaffirmed the enforceability of financial agreements and provided clarification on the obligations of borrowers to meet payment terms.
**Conclusion:**
First Bankers Trust Co., Inc. v. Koke Mill Medical Associates, LLC serves as a critical reminder of the responsibilities that accompany financial dealings and the potential repercussions of failing to fulfill contractual obligations.
*Note: Details regarding the court, date of ruling, and specific legal references may need to be added based on the jurisdiction and specific court records.*