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Home My WebLink About0097 . . . 9. To piac~ ~nd continvously k~ep on tM b~ildinps now w M~~+ftN situ~t~ on ~aid land +nd on ~II eq~ipm~r?t and pe~wnally cov~red by this mortq- ~y~, with ~tl premiumt thcr~on paid ir~ full, tin iniv~anc~ in the usval standard policy fam, L+ • wm app~ov~d by tM MORiGAGEE, and winditwm ; inturanc~ in tM uswl itanda~d pol~cy form, in • wm approved by tM MORTGAGEE, in wch tompany• a compaoies +s tM MORTGAGEE msy ~ di~ectt and all tire and winds~orm insv~+nc~ policies on ~~Y of said buildi~pt, ~ny i~tere~l therein o~ p~rt thereof, in tht apyrey~le t~m afor~taid w { In ~xcess thereof, shsll contain the uswl standard mortpaQR cl~use a tuch other clause a tM Mor~ya9es may requir~. makinp the I~ss unda aid po1F cies, each ~nd every, p+yabk to said MORTGAGEE as its imerest may ~ppea~. end each and e~ery i~?ch pu~~cy shall b~ promp~ly ~u:yned and delivered to ~ny Mld by said MORTGAGEE ss fur~ha~ security to s+id monys~ debt, and, not teu Ihsn ten (10) days ie~ advance of ths expiration of each policy, ro da IivN to s+id MORTGAGEE s re~ewal tMreof, toptthN with • receipt fa the p~s~nium of such renewal; and there shall be no f~re or w~nd~~wm le~sur~nte placad on ~~y of said b~ildinps, any inte~eit 1FKrein or p+rt tMreof, ~nleu in tl+~ fwm and with the fou paYable as siweiaid; snd in th~ event ~ny swn ~ of money becomss p+y+b~e w+der wch policy w policies said MORTGAGEE ihalt have ~M option to receive ar+d spply Ihe ume on account of Ih~ indebted- neu securad hereby w to permit s+id MORTGAGORS ro reuiw ~nd vu it or a~y par~ thereof iw othcr purposes, withou~ the~eb~ waivi~ig o~ ~mpair. inp any puity, lien w right under or by virt~?s of thw morlpsye; and in tM ~vent sa~d MORTGAGORS shall tw any reason iail to keep the said prrmises so insured, w fail to deliver prompt~y ~ny of said policiet of intu?anc~ to iaid MORTGAGEE, w fail promptly to pay fu~ly a~y premium therefor a in any respect fail to perfonn, disch+.ge, execute, effect, complete, comply with ~nd abide by th~s cova~ant, w a~y part hereof, said MORTGACaEE may pl~ce and pay fa such inwrant~ or ~ny p~rf thereof withour waivirg w affattiop ~ny option, lien, equity, o~ right under a by virtue of this Mortgag~, and tht full xr~nt of each ~nd ewry such payma+t shall be irnmediately dw and pay+ble and shall bear i~terest from the date thereof until paid st tM rate of ni~s pa cenrum per annum and together with such interest shall be ucured by the I'~ of th+s mortgsge• 1. To permit, commit or svffer no wute, impai~ment w deterioration of said prope~ty ot +nY p+?~ 1he?eof• S. To pay all and sinpulu the cosh, cMrgss ~nd expenses, includiny a reasonable attorney i fee and msts of sbstrads of titls, inc~rred a p~id at any time by said MORTGAGEE, because or in the event of the failure on the paA of the said MORTGAGOR to duly, promptly snd fully perfam, d~uhar9e, execute, effed; compkte, comply with~and abide by each and every the stipulations, ~greemenn, conditions, ~nd eovenann of said promiuory note and thii j mortyspe any w either. and said costs. charges and expenses, esch and every. shall be imrt+ediately due snd payable: whether a not there be notice d~ i mand, attempt to colkd w wit pend~ng; and ths fvll amouM of each and ereryr svch paymeM shsll bear interest from the date thereof until paid at Ihe rate of nine per ce~tum per annum; and all said costs, chsrges and cxpenses incurred a paid, togNher with such interest, shall be secured by ths lia~ of thN ~ mortga~s. 1 6. Th+t (a) in the event of any breach of tha Mortgage w default on tM pa?t of the MORTGAGOR, or (b) in the svent ~~y of sa~d sums of money ~ herein reterrcd to be not promptly and fully p~id within thirty (30) days next afte? the same severally become due and payable, without dtmand o? notice, or in the event each and every the stipvlataro, agreementt, conditions and covenants of sa~d promissory note and th~s rtwrtgage any w eitha are no1 iuly, promptly and fully performed. d~scharged. execvred, effected, completed, complied with end abided by, then in elther or any iuch event ~M a~d +p~ gregate wm mentioned in said promissory note then remaining unpaid, with interesf atuued, and all moneys secured hereby, shall becort~e dw and pay~ able forthwith, w thereafter, at the opYron of said MORTGAGEE, as fvlly and compktely as if all of the said sums of money were aigir?ally stipulsted to be paid on such day, anything in said promiuory note or in thb Mortyage to the contr~ry notwithstanding; and 1F+ereupon or tF?ereafte~ at the option of said MORTGAGEE, withovt notice ~x demand, suit af law w in eqviy, therefo?e or thereafter begun, may be prosecWed as if all moneys secu~ad hereby had rtNhNed prior fo ib irotitutiwL 7. TMt in ths eve~t that at the be9inning of or at any time pendirg any wif upon this Mwtgage, or ro faeclose it, w to refwm it, or fo enfwa payment of any claims he+eunder, said MORTGAGEE shall apply to the Court having jurisd~dion thereoi for the appointmenl of • Reteiver, such Court shsll forthwith appoi~t a receivcr of said mortgaged prop~rty aIl snd singular, intludmg all and sirgutar the income, profits, issues and revenues from whatev~r wurce derived, each and every of which, it being expressly understood, is hereby mwtgaged as if spet~fically set forth and described in the yrantiny ~nd habendwn clauses hereof, and such Receiver shall have sll the broad and effedive funct~ons and powcrs in anywise entrusted by a Co~rrt to a Receiver, ~nd ~uch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGACaEE, ~nd without refererxe to the adequaq or inadequacy of the vslue of the property mwtgaged or to the soivency o~ insolvency of said MORTGAGOR a the deiendants, and thaf such rents, profih, income, iuues and rovenues thall be applied by such Receiver ucording to the lien or equity of said MORTGAGEE snd the practice of such ~ COVrt. 8. To duly, promptly and fully perform, discharge, execute, effect, compkte, comply with a~d abide by each and every the stipulations, agreements, ca~ditara and covenams in said promiuory aate ard this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any pan thereof, bemrnes vested in a pason other than the MORTGAGOR, the MORTGAGEE, its successors a~d suigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with refcrer~ fo this mortgage and the debt hereby setured in the same manner ~s with Nbrtgagor without in any way vitiating ot discharging the Mwtgagors' liability hert under w upon the debt hereby secwed. No sale of the p~em~xs hereby mwtgaged and no forbearance on the part of the MORTGAGEE w its successon or augns and no extension of the time fw the p+yment of the debt hereby secured given by the MORTGAGE~ or its successors or assigns, sfiill opente lo rtlease, discharge, modify chsnge or affect the orginal liabiliy of tht MORTGAGOR herein, either in whole w in psrt: 10. It is specifically agreed that time is of the euence of this contrad and thal no waiver of any oblgation herev~der w of the obligation sa cured hereby sha~~ at any time tF~ereafter be held ro be a waiver of the terms hereof or of fhe instrument secured herby. 11 add~tion to the forego:ng monthly payments of princ'pal and imerest required by the p?omissory note secured hereb and agrees to p rt agee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1 e annual tost of the follow- ~ ing: A-All real property taxes levied o~ assessed against e al estate. i B-Premiums on fire and windstorm insurance as herein requ~red t ~mp~ov . e on the above destribed premises. ; C-Premiums on such mortgage guaronty insur tgsgee shall from time to time deem fit to carry on t ed hereby. 3 I~'` Mortgagee shall from time t i y mortgagor in writing of the amount due and payable hereunder and suth sum shall the?evp ue snd ~ payable on the due d e next monthly payment aod each successive month thereafter urtil mortgagee shall notify mortgagor of a change ~n s I amount. s shail be applied by mortgagee toward the paymeM of real property taxes, insurance prem:ums, and mortgage guaranry insursnce ~ ums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day u~d int sforesaid. - t in the presence of: ,r aq • . ar es . c e ~n ~ - ~ a g . o STATE OF~i C ILLINOIS ~ counmr oF 5tephenson ~ Before me persawtly,appesred CharleS Q Sc oed _r .nd ; Piargorie E. Schroeder his wife, to me well known and known to me to bs ~ the individwb desaibed in and who executed the foregany instr~ment, and acknowledged befae me that they executed the ~ame fw the purposes rr,~.~~~ ex~.~d. a,d r~ ~~d Margorie E. Schzoeder _ { w:fe of ths said Charles A. Schroeder ~pcn e separats and privat~ ~ examinatan by me taken scparete and apart from her iaid husband, ~dcnowl~dged to and befwe me that she execwed s~id iostrument freely and volurt~ ~arily and witho~t any compvlsion, constraint, appreh~yay or feu of w from her said husband. ` WITNESS my Mnd and official seal this ~~~na day of A ril ~~~`-i' ` A. D. 19~2_ - - - - • : - . • RECOR~ Notary Public in and~f i{ ~ IGLI~JOIS ~ FII.ED E ~ ~uNTY ~~~-a' My ~omm~ss~on exoy~ ,~~C~h?~_: ~ 9'J3 Return Ta c~'1. ~-VC ~+F?'rl~ , ° - Cl Yt fint Federal Ssvings d~ Loan /lisociation ~ ~ ' ' - ; ~ 1`s~ : ~ Of Fort Pierce. • [ ~ : 0" ,'r ~ - ~ Fort Pierce. Flwida ~ . Z . t's f'' a: ~ 25 ~~~1 ' ;v ~ a~~a~~M~ L'~: . !b9 apR . ~ i Instrument Pre red B i-~~ Th s p~ Y First Federal Savings b Loan Associatio ~RK~LjRCV~T V R T of Fort Pierce C~-- ~ i Checked By J• Chastain ~ ~ ~ ~ C~ ~ 5~ _ . . c f j- _ - - - , ~ ~ ~