Government alleges Cairo developer owes nearly $900,000

By Lhalie Castillo | Jan 7, 2019

BENTON — The U.S. government is suing a Cairo mortgagor, alleging breach of promissory notes.

The United States of America, acting through Rural Development, filed a complaint Dec. 19 in U.S. District Court for the Southern District of Illinois against Delta Center, alleging failure to pay monthly payment. .

According to the complaint, the U.S., through Rural Development, issued $950,000 and $383,000 loans to Delta Center on March 11, 1999 and Oct. 25, 2007. 

As of Oct. 15, 2018, the balance of $522,770.71, plus $67,074.03 in interest on note No. 1  and the balance of $270,172.42, plus $35,937.55 in interest on note No. 2 remains due and owing, the suit states.

The plaintiff alleges Delta Center has defaulted on its monthly payments from December 2015 through the present.

The United States seeks trial by jury, judgment for possession of the collateral, plus court cost and all other just relief. It is represented by attorney Adam E. Hanna of the U.S. Attorney’s Office in Fairview Heights.

U.S. District Court for the Southern District of Illinois Case number 3:18-cv-02187-NJR-RJD

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U.S. District Court for the Southern District of Illinois United States Attorney's Office for the Southern District of Illinois

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