HomeMy WebLinkAbout0476 8. That (a) in the event of any breach ot thi~ mortgnge or de!ault on the part ot the Alortgagor, or Ib) ln ~
the event any ot said sum~ o[ money herein referred tn be not promptiy an~i tully pai3 w•ithin ten days next
•tte~ the same seve~ally become due and payable, w~thout demand or not~re, ~r ~cl in the event each and e~•ery
the stipulations, agreements, cond~tions and ~ovenants of slid prom,s~o~ y note and th~s mnrtgage, any or either,
are not duly, promptly and tully pertormed, discharged, executed, etfecte.f, completed, cumplied w•ith and ebsded
by, then, in eithe~ or any such event, the said abgregate sum an•ntione.i ?n sa;d promissory note then rema~ning
unpaid, with inte~est accrued, and all rt~uneys se~ ~ired h.•reby, sh~?Il becume due and pa~•able forthwith, or there-
atter, at the option ot sa~d ~iortgagee, as fuliy a~id completely ~?s ~f all of the said s?ur,s ol money w~ere originally
at~pulated to be pai~ on such day, anythi~g in aaid pru?u~ssory note, an~i or in thia a:ortgage to the contrary not-
withsianding; and thereupon or thereafter at the opti~~n of sa?d ~lort~;agee. ~~•ithout notice or demand~ auit at
lsw or in equlty. theretotore~ or thereatter Degun, may be prosecutcd as ~t all moneys secured hereby had matured
pnor to 1ta insutuuon. -
7. That in the event thst at the Deginning of or at any t[me pending any suit upon this mortgage. or to
toreclo~e [t~ or to ntorm it, and/or to enforce payment ot any cla~ms hereunder, said ~tortgagee shall spply
to the court having jurisdiction thereot tor the appointment ot a Re~e~ver, such court shall forthwith appoint
a Receiver ot said mortgag~i prnperty all and aingular, including alt and aingular the renL~, income, profita.
ia~ues and revenues t~om whatever ~ource derived, ea~~h and e~•ery o[ ~~•h~ch, it be,ng expressly underotood. 1s
hereby mortgaged a~ it apecitically set forth and descr?ted in the ~runting an~ habendum clausea hereof, bnd
such Receiver shall have all the broad and etfective functi~ns ar.d F~o~~: er~ in :~n~~. ise entrusted by a court
to s Receiver. and such appointment shall be made Dy auch court ss an admitted equity and a matter ot ab-
solute right to satd 14fortgagee, and without reterence to the adequacy or inadequacy of the value of the prop- ;
erty mortgaged or to the solvency or insolvency of said ATortgagor ~ndior ot the defend~?nts, and that auch i
nnt~, prnfits, income, issues and rerenue~ shaU be applied by sucd Receiver according to the Ilen aadior equity
of said Mortgagee aad the practice of such court.
IN WTl'NESS WHEREOF. the aald Mortgagor has executed thia mortgage under eeai on the day and year
1?erein fir~t above wrritten.
Signed, sealed and dellvered tn the p n e ot: j
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~ f~~EO,,N~ aECaROeo ;
~ V gt,LUC~E COI31t7Y flA' t
ftOGER P^'-~R~S ~ '
C~ER?t Ct~CU11 COtlRt
RE~O~?~ V~RlFIED~
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' DEC ZO 4 10 CF1
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STw~ oF---.._...ILLINOI S...__.__.. ~ ` sO~
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; covrrrY oF__..X~.--Kan~.-------
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` RICHARD VERBIC, as Trustee "
Betore me reoaall a `
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$ ..__.__.-•-_•-_•••-------••-...._......_...----•---•-----•••-•--••-•-•---......--•-••-•---..~.----...._.__..._....._..._----------._w_....____._._._...._. :
~ to me well known and kno~vn to me to be the individual..._ describPd in and who ~xe~ated the fotegoit~ l~ir1~- ~
~ ment, and acknowledged before me that _.__he.... executed the same for the purposes therein e~cpre3.sed. . ~
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~ WITNESS my hand and official eeal this....------~ _.._..day oi_1i::..~:~:?.T.L~~~~`~~.-~-..-..~29~... ~
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~ xotary Pubuc~n aaa:,fbr _
the County and tate Aforesald.-~ . ~j :
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~ 4ty cotn.-nia9ion eapire~: , . ~ .
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; 3TATE OF / ~ : ~c~ t": y ~y ~ ~t
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Li L~,c'-C.LE . -
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~ COUNTY OF•-•.......•----.._.......-°------•---••-
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~ Before me peraonally appeared.-•---•-•••••- *
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w me well Imown aad •
~ aad .
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known to me to be the--•-•-•---------• .....President and___..._._._.._.._.._.._..-----•--••------.-----...._.__....__..._._ $ecretar~ ;
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the corpon?tlon
f~ re~~wc~ively of
named in the toregoing instntment, and known to me to be the persons wh'? as sucb otficer~ ot said coi'Porsti~. ~
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_.and the ssid
executed the same: and then and then the satd----•---••---------- i
. Aid acknowledge before me that ~aid ~
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~ instrument 1a the free act and deed ot aaid corporation by them respecUvely execuied aa such oltlcers for the
purposes therein expresaecl: that the sesl thereunto ettached ie tha corporste seal by them in 11~e capuity ai-
~ fi~ced: all undar authorlty in tJ~em .duly vested by the Isoard ot Directora o! aald corporation. ~
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.d~ of..._..._.._.._---•-• 19_._._ ~
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WITNF.S9 my hand aad oiflcisl seal thls--••.--••---.~------•• Y .
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Notary Publfc tn snd for ~
- the County snd 3tate Atoressld. ,
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- ldy commlaaio P }
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