HomeMy WebLinkAbout2838 a. To place and co~e~nuou~ly kcep a? the bui:dings ~ow o~ he.e+i~K ~~twr~ on sa~d l~r,d and on att equ~p~~rm and pe~sonally co~e~ed by d+ts ~norg-
ag~, wlh all p~emwms ~he~eon pa d~n fu1t, fuc i~svr~nce ~o ~I'?~ u?wl s~a~derd po4cy +wm, in a ~~m ~y~oved by ~he MOR~~;AGEE, a~d w~ndttam
inswance i~ ~ha uswl s+.+~xfard po!~cy fam, in • sum aEpro~~d by the MORTGAGEE, in iuch company v com~vmes as ~he MORIGAGEE may
di~ett; and ~ aq- firo and w~nJ~~~.rm insuronce pul~ues on any of sa~d bvild~+~gs, any iNejasl IAorein or part Ihc~noi, in the ay~rc9ate sum ~fpttaid a
in excess therco(, shatl co~ra~n ths usual seanda~d ~nwtgage~ clavs~ w sucl~ otha c~aust as ~h~ Nlaeqagt! may requ.r~. ma?i~g rhe ioss under s~~d polf
cia~, cach •nd eve~y, payab'e ~o se~d MJRTGAGEE as ds ime~esl naY appaa~. +nd exh u.~ evcry such poircy ?hell be pranp~ly ass g„cd a~~d de~:vered ~o
~ny held by se~d MORIGAGtE u(~~~h.r srcunty to ss~d mw~g.+g~ deb?, and, nor kss ~han ten (10) dsrs adra~ue ot rhe e¦p~iat~on o1 each palicy, ro d~-
t~ver to u~d MORTGAGEE a re~uwal ti.c~toF, to~e~Ae~ wi+h • rrce~pt fw the prem~um of suth re~evta~; a~~d ~?~cre s?•afl !x ~w Gre o. w~~~detwm iniurance
pl~ced on any ol u~d b~~!d~~ys. any inrrrest there~n a part the~eol, unless in ths fo~m ~nd wi~h the loss p~yable as afaeaaid; and in the ever+t any i~m
of nwney becon+es payabte u~de? i~ch poticy w poLciei sa~d MORTGAGEE shall have the opnon to recrive and apyty the sanx on sccounl o( ~he indebted-
neas secured I+errby a ro permit sa~d MORiGAGOR$ to receive and use il p•ny part Ihe:eof ior om..•~ Hur~ c:+rs, v~~ho~t ih~.~uf 1VSIW ~J cr u~~pau-
~ng any pu~ty, t~cn a.ght u~ulrr or by virtue of this mo:sgage; and in ~hs tvent s~~d MORTGAGORS shail !or any reason Fail ~o krcp the said p~em~ies so
insu~ed, a fail b dalivM p~anptly any of sa~ po~~ties ot insurante ~o said MORTGAGEE, o~ la~l promptly fo pay lutly s~~y p«~»~~m thercfw or ie~ any
reapect lait ro pe~~wn+, d~schsrge, e:ecute, e(fcct, comple~e, canply wieh and abide by this cove~anr, w sny par~ hrreof, sa~d MORTGAGtE may p~~ce and
paY fa svth insu~ancs or ~ny parf thereof w~~hout waiviny a a(Iecti~g anr opnon, Iieo. eqv~ty, o~ r:ghe under or by vir~ue oF th~s Mong+pe. and the
f~il a~tau~t ol each and e.ery such paymtnt sMlt be Nnmediately due and pyabte and shall brar 7nterest I~om tAs dats ~hcreof umil pa~d at ths rab ol
~une pe~ crr+wm per annu+,~ mx! ro~r~lx~ v.ith tuch-+~sest shsfi be aecured by tFw lien o~ th~s mortgage.
1. To permit. commit w su(fer no waste. impairment a dete~iwNion of sa~d property a ~ny put thereof.
S. To pay ~I~ a~+d s7ngular the costs, cMrges and eapenses, includi.g a reasonable attw~ey's (ee ar,d coatt of abstracts of title, incurred or paid at
a~y time by sa~d MORTGAG:E, bccaose o~ m the event ol +hc /alwe on ~he pa~~ of the sa~d MORiGAGOR ro duiy, pro~~,p~Iy and 1u11y ~rfam, d~uhargs.
e¦ecvte, effeu. canptn~e, co~»ply w•ah and e6•Je by each and eYery ~he se~pvlatwns, agree~nems, cw+d~nona, and co~enenes of sad pran;ssory no~e and ~h~s
,i,ortge9e ~~y w e~~her, and sa•d cos~s, charges a~xl eaµenxs, each arxl eve+y, shall be immrdiately oue and payable; wh~~her w not fhcre be nohce d~ •
r.wnd, attemp~ to'co7tM or suit rend:~tg: and the (vtl a~ravnt of cach and every such paymcM shall ixar interes~ Irom ~he date ~he~eol until paid al the
r~re o~ o~ne {xr centum pe. an~.u.n: e~x'. el~ sa~d cosn, cAarges +~~d ea;xi~xs incurred or paid, togethet w~~h such ~nter~s~, shall be secured by the I~en of tha
.:+Ot1~~gl. ~ ~
a, That (e) in thr event oi any breach of this Mortgage w de(ault on the part of thc MORTGAGOR, a lb) ~n the evcnt any of sa:d sums of money
herein refe~ra~ to be not pro+npdy and fuiEy paid wnh:n ~hnty (JO) days ~eat a+~cr the sarr+e severa!ly becwne due and payable, witho~t demand w notice,
cr (c) in rhe e~.ene each and e~..y ~he st~putatw~s, agreements. cond~t~ons a~d coven+~rs of sa.d pra.+~ssory noTr m;d th~s mo~tgage any or e~the~ ue nW
iu:y, prpmptly an:f fuliy ~,+rrfw~ned, d.uha~grd. executed. eftected, tompleted, ca+~plrcd w~th and ab~ded Sy, ~hen in e~the+ or any auch Qvent Ihe said a¢
gregate wm mrnr~oned ~n s,?~d prp~n~sSOry nore then renwining unpa~d, with interest xaued, and +:1 r.ar~eys secured herety, shall become due and p+y-
ab;e (wthwith, tv rhe.ralfc., at tl.e oprion o~ sa~d A10RiGAGEE, as fuily and comp~Nely as il all oF the sa~d sums ol money we~e a~ginally stipulated
fe be pa:d on su:h d.:y, anyth~rg in sa.d pro:nissory rate or in this Mortyage ro ~he connary notw~thstand~~g; ind the~evpon a thereaiter a~ the option of -
sa.d MORTGAGEE, w~rhout noc~ce a demand, suit at law or io sqwty, thereEore or thereaf~er begun, may be prosecured as if all moneys secured hereby
nad mar~red p~~or to ~u ins~~surwn.
7. That in the event thet at the beginning of or at any time pc~d~ng any suit upon this Matgage, w to iwetlose it, or to re~wm it, w to enfo~p
paYmenr of any da~ms he+c~~ukr, sa~d MORiGAGEE sha11 apply to the Cou~t having jurnd~cnon the:rof fo. tne ap~mtment of s Receivzr, such Gw~t ahall
fo~rhwith appo~M•a ?es,t~er of s.+~d mortgaged prooe~ty all and s~ng~lar, includ~~g aIl and snguia~ ~he income, prei~ts, nsues and revenues from whatever
s~vrce derived, each ar.d evcry of wh:ch, ~t be~rg exp~essly understood, is hereby mortgaged as if sf+ec~f~cally ut fath and deuribed in the graoting a~d
h.~~e~dum clavses henwf, and tuch Receircv shall have all the luwd and effective iuncf.o~s and powe~s in anyw~se entrusted by a Cou~t to a Receiver, and
s_ch nppoint~ne~» shal! be made by such Covrt as an ad~nitted equ~ty and a matre+ of absoiute rlqh~ to sa~d MORiGAGEE, snd w~Thou~ refe~ence to the
~d,qvacy w inadrq.,acy of ehe value of ~he p~operty mwtyaged or to ~he so~vency o~ ~nsoivency oi sa~d MORTGAGOR w the deFe~dants, and that such
r.~n, profi:s, incane, ~ssues and re~enues shall be appl~ed by such Receive~ accwdu.g to the lien or eqv~ry of u~d MORiGAGEE and ~he pract~ce of such
Coutf. •
8_ To d~ty, promptiy and f~tly perfwm, d~scha.ge. execute, cifcct, comptete, comp~y w~th ~nd ab~de by erch and every the stipulations, agrcements,
conditwm arid covcnanrs m sa.d prom~aswy note and th~s mortgage ut forth.
9. That in ~he event the ownersh~p of the mortgaged premises, a any psrt thereof, bccomes vested in a peraon o?her than the MORTGAGOR, the
MORTGAGEE, irs s~cccssors and ass~gns, may, without notice to the MORTGAOR, deai wi~h svch successw w successw ~n interest wi~h reference to thia
mo~syage and the d_ot her~by secu~ed i~ the same manne~ +s with l~lortgagor without in any way vit:ating or d~schargirg the 7~lorsgagors' liability hert
vr.der or uFon rhe drbr he:aby secur~d. Ncs-safe of fhe•premises hereby mwtgaged and no forbearance ow the part of the N10RiGAGEE or its sutcessors
o~ ass~g~s a:.d no eare~~s:o~ of the t~me fu the p+~yment of the debf hereby secured given b~ the MORiGAGE~ or its successors or assigns, shall operate
ro releax, d~:ct+arge, modrfy change a affect the origmal Iiab~Gty of the MORTGAGOR here~n, either in whole w in part.
10. ~t is spec:f~catiy ag.eed that rime is of the essence of this ca~usct a~d lhat no waiver of any obl~gat~on hereunder o• of the obtigation sr
cv.ed hereby sF:at~ at any nn,e thrrecfter be heid to be a waiver of the terms hereoi or of the instr~mt~t setu.ed herby.
11. In ~~c+.t:e~ •o ~he ioregdng month:y payments of pri~c pal and inrerest requ~rPd by the prom ssory r,a~e secu~ed hereb~, mortgago~ ev+enants
~^d aor°_es ro pay ~o r~o•:~agee .~+th each ~~onrh;y pay~nent an add~i~onal sum esnmared by mortgagee to be equal to 1. 12 oi thr annual cost of the follow-
,n~:
A-A~I real p:op_rry fax`s le~n~d or assassed agai•sst the aicove descr:bed real estate_
B- Pr~~. ,,~--s on (.*e and wlr.dsro•m msuracce as he:e~n reqv:red to be can~ed on the im;~roveme:+b s:tvate on thr above d~scr~bed pre-nises_
C-Pre•~wr•~s o~ wch m.orr~jya guara~ty i^surar:ce as mo~tgagee sha:! frorr. t[mr to iime deem fit to carry on the loan secured hereby_
~ y
I~ A1or+~~~m `•:.T t~~~e to n~:e nofNy mer~gagor in writ~ng of the amouat due and payable hereundrr and such wrn shalt thrreupon be due end
:a5!e o~ 'he ~'~e c_ _ ef +ti° ~•^•t month!y payme~t a~.d each wccessive month therr~a tcr ur.til mc~tgagee shaN notdfy mortgagw of a change in such
e- eunt. Such su rs s~,•~ Fx app-~ed by mortgayee toward the payment of real property taxes, insurance p~em:ums, a~id mortgage guaranty insurance
, 'e~niOmi_ -
IN W NE_~S ..:/:D~O~. •ne sa~d MORTGAGOR has hereu~to xt his har.d and seat the day and year lirs~ a(aesaid.
, Seal detivered in the prae~ce of: ~ /
. ? r sq
-;~tt arence E. Kath s~
s~,n
~.`itne s Ber:iiece M. Kath
s-aTe oF ~AAC I11ir.ois ~
Cb6l~ i ~
couyTV oF
Befwe me ~~:1y appeared Clarence 3. Ka ~h
Berniece M. Kath his w~fe, to me well known and known to me to be
r~e irad,rid~aSs desu~bed and who e:ecuted the foregoing instrumeM, and ackpywl~ed befae me that they executed ihe same for the purpoxs
rn._re~n eap~ess~d. And the :a~d .~~11CCe ~'1. t+tl
«:;e of rhe sa~d _ CZSI`6riCe E. Kath upw~ s xps.ate and p-iv~t~
e~am~na~:on by me ta~en separa•e and apart from her ss~d huaband, ~cknowledged to and befwe me that she exetuted said instrument fresly ~pd voluo-
!a~~ry and wnhout any corr.~~isron, constramt, apprehe~ w fear oi oi from her said husband.
•
WITNESS my hand and offic:al seal this__ ~ dsy o~ A~_ 19
Notary Public in ~nd for Ihe Stat~ f~af Lup~
My Comm~ss~on eapires: 1T1013 - !
R~,~.~ Ta: 2122~;~~ ~w 4~ 47 3. . 3
F~rn Feder~l Sav~nqs 6 Loan Aswc~ataon , j
p! i.,•t F . _ _ - :
,
~.~r~. F:.-.::, FILEO AND NECOA~to ~ ~
aT. wc~E couMrr u. : ; .
IIOCER POITRAf •
CI.ERK CtRCU1T COURT • •
This Instrument Prepared By BT'3utl~ECORO YERIFIEO..~.~~
First Federal Sav~ags b loan Association 13 3 s6 PM ~ 1 1
of Fart P~erce ~ ~rida
Checked BY !d"-- - - - - - ~
~ (t ~Qe~ l.i::
t00K 1~ ~~~V ~