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Pnc Bank, National Association, Successor To National City Bank of the Midwest v. Magas Real Estate

IN THE UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS, EASTERN DIVISION


May 15, 2012

PNC BANK, NATIONAL ASSOCIATION, SUCCESSOR TO NATIONAL CITY BANK OF THE MIDWEST, PLAINTIFF,
v.
MAGAS REAL ESTATE, LLC, PETER MELLOS, JOANNE MELLOS, PETER MELLOS, AS TRUSTEE OF THE PETE G. MELLOS LIVING TRUST DATED APRIL 14, 2005,
JOANNE MELLOS, AS TRUSTEE OF THE JOANNE MELLOS LIVING TRUST, DATED APRIL 14, 2005 AND SHMENERD, INC., DEFENDANTS.

The opinion of the court was delivered by: Magistrate Judge: Honorable Geraldine Soat Brown

Assigned Judge: Honorable John F. Grady

CONFESSION

Defendants, Magas Real Estate, LLC, Peter Mellos, Joanne Mellos, Peter Mellos, as trustee of the Pete G. Mellos Living Trust dated April 14, 2005, Joanne Mellos, as Trustee of the Joanne Mellos Living Trust, dated April 14, 2005 and Shmenerd, Inc., individually and jointly and severally, by their attorney, Timothy J. Somen, Esq., waive service of process and confess that there is due to plaintiff, PNC Bank, National Association, successor to National City Bank of the Midwest, under the Promissory Note at issue in the above-captioned cause the following amounts as of May 8, 2012:

Principal: $946,455.96 Interest: $207,147.65 Late Charges: $12,422.46

SUBTOTAL: $1,166,026.07

Attorneys Fees: $2,500.00

TOTAL: $1,168,526.07

Defendants, Magas Real Estate, LLC, Peter Mellos, Joanne Mellos, Peter Mellos, as trustee of the Pete G. Mellos Living Trust dated April 14, 2005, Joanne Mellos, as Trustee of the Joanne Mellos Living Trust, dated April 14, 2005 and Shmenerd, Inc., agree that judgment may be entered against them, individually and jointly and severally, for the total set forth above and for costs and attorneys fees and hereby release and waive all rights as authorized in the warrant of attorney set forth in the Note and Commercial Guaranties.

20120515

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