Case Summary
**Case Summary: Schaumburg Bank & Trust Company v. Richard S. Alsterda**
**Docket Number:** 3009516
**Court:** [Specify the Court, e.g., Illinois Appellate Court, etc.]
**Date:** [Insert Date of the Decision]
**Overview:**
The case of Schaumburg Bank & Trust Company v. Richard S. Alsterda involves a dispute between Schaumburg Bank & Trust Company (the Plaintiff) and Richard S. Alsterda (the Defendant) concerning financial obligations stemming from a loan agreement.
**Facts:**
- Schaumburg Bank & Trust Company loaned a sum of money to Richard S. Alsterda, secured by a mortgage on property owned by Alsterda.
- Alsterda allegedly defaulted on the loan, leading the bank to file a lawsuit seeking recovery of the owed amount and enforcement of the mortgage.
- The Defendant contended that he made efforts to repay the loan and disputed the terms of the mortgage agreement.
**Issue:**
The primary issues at hand included whether Alsterda was in default as claimed by Schaumburg Bank & Trust and the enforceability of the mortgage agreement given the circumstances presented by both parties.
**Proceedings:**
- The case was brought before the [insert state court], where both parties presented their arguments.
- Schaumburg Bank & Trust provided evidence of the loan agreement, payment history, and correspondence related to the alleged default.
- Alsterda countered with evidence of his payments and assertions regarding the bank's conduct in managing the loan.
**Ruling:**
[Provide a brief description of the court's ruling. For example, "The court ruled in favor of Schaumburg Bank & Trust, finding that Alsterda was in default and ordering the enforcement of the mortgage."]
**Conclusion:**
The court's decision solidified the obligations of Richard S. Alsterda under the loan agreement and affirmed the rights of Schaumburg Bank & Trust to recover the owed amount. The case underscores the importance of clear communication and adherence to loan agreements in financial transactions.
**Implications:**
This case may set precedence for similar cases involving loan defaults and mortgage enforcement, emphasizing the necessity for borrowers to maintain consistent communication with lenders regarding payment difficulties.
[Note: Please insert specific court details, ruling outcomes, and dates as applicable, as they were not provided in the original request.]