HomeMy WebLinkAbout0987 3. To place and conti~uouily keep on the bui'd+r,gs now o~ hereafter ~ir~ate on se~d ~end and on a!i eq~ipment and penonally covr~ed by th~s ma
~g~, w~th alt p~emiums thrreon pad in iult, fire ms~rance ~n ~he usvai sfarderd po~~cy form, in a~~m a~~ovJd oy ~he h1JR,.iaG~E, ar~d w~ndsto
~nsvranct in ~he usual ~tandaid po'!cy 1orm, in ~ aum appro~ed by ~he MORTGAGEE, i~ iuch to+npeny or compan,ei as fhe h'~OR1uAGEE m
dirK1; •nd •11 fire and w~ndsto~m insurance pol~c~es on any of sa~d bwid~rgf, any interest there~n or parl thereof, in the aggrega~e su~~ atOrt3eid
in exceu thereof, sha!I contain the usual s~a~:dard morigagte ciause a su:h other clause as the Mo~tgagre may ~equ.ro, mak~ng the ~oss und~? ~i~d po
ues, e~ch and every, paya5!e to ss~d MORTGAGEE aa ~ts i~~rreit mey appear, •nd each and every wch poi~cy shail be prompf~y afs gncd a~~d de:~verrd ~
any Ixld by sa~d MORiGAGEE as fwrhe. security to sa~d rr.wtgage debt, ar.d, not le?s than ten (10) days i~ advance of fhe exp~ranw, of each po~~cy, ~o d~
I~ver to sa~d MORTGAGEE a renewal thercof, to9ether w~~h a rece+p~ for the p~em~um of such ~enewat; ar~d ihrre shall be no 6re o. w~~:ds+o~m ~nwranc
placed on any of said b~ild~ngs, ~ny interest there~n or part thereof, u~!ess in rhe (orm and w~~h the Iois payab~e as aforesa~d; a~d in the event any s~r
04 money bccomei payabfe under iuch policy w poLcies said MORTGAGFE shall have the apr•on ro reca~~e an~ appty tne urne on account of the inJ~~b~~~d
ness secured hereby o~ ?o perm~t sa~d MORTGAGORS fo receive and use it or any par~ the:eof 1or o:~,•r pu.poira, ..:~nc.t ~h,•, ur +g ~ ~~~t~~~•
ing any ~qu~ty, I~en a nght under a by virwe of this mor.gage; and in the evem sa~d MORiGAGORS shatl ;o~ a~ry rea3on (a~l ro krep rhe sa:d prem~i~~f ~o
ins~~ed, ot fail to de~ive~ p~omptly any of sa~d policies of ~nsurance fo sa~d MORTGAGEE, oi fa~l prompely ip pay fu';ly any pre~~~,~~n therefor or ~n a~y
respect (ail ro perfam, d~scharge, esecure, e(fect, complcte, comply wi~h and ab~de by this tovenant, or any p.~r~ hareoi, sa~d MGRTGaGEE maY p~ace a o
pay fo~ tuch ins~rence or any part tkercof w~ehout weiving w a~fectiny any opnon, lien, equny, e? ngh~ unde~ w by vlrtue o( fh~s MorTgage, and fhe
full amount of each and e.ery iuch payment shalf be ~mmed~arely due and payable and sha11 bear inreres~ trom ~he date thereof un~~l pa~d at rhe rate o+
nine per centum per annum and to~e~her with such mterest shali :x srcured by Ihe lien of th~s mo~tgage_
To permit, commit w suf(er r.o waste, impairment w deterioration of said property ot a~y part thereof.
5. To pay all and singular the costs, charges and expensea, inctuding a reasonable attorney's fee and costs of absr.acfs of t~tle, incurred or pa~d at
any time by said MOATGAGfE, because w in the event of the fa~fure on the pa~t of Ihe said MORTGpGOR ro d~ly, p.omptly and f~(ly perfonn, d~~c~~rqe.
z:ecute, effect, complete, comply w~th and ab:de by eath and every ~he eripu~anons, agrerment~, condinons, and covenants oi sa~d prorn~swry note and ~h~s
margage any or e~ther, and siid costs, charges and expenses, each and every, shall be immrd~ateiy due and payebte; whether w not there be noT~ce d~
mand, attempt to coltect w suit pend.ng; and the ful~ amount of each and every such payment sha!1 bear mtercs~ from the date the~eof uni~l paid at rhe
r..re o~ n~ne per cen~~m per an~~u~n; and aU said costs, charges a~d expenses incurred o~ paid, togethrr w~th such ~nterest, shall be setured by the lien of th~s
mortpa9e.
0. TMt (a) in the event of a~y breach of this Mortgage or defaul~ on the part af the MORTGAGOR, o~ (b) in the event any of sa:d sum: of money
herein refe~red to be not promptiy and fully paid wirhin ~h~:ty !30) days nexf aiter ~he same severa!ly become due and payable, without demand or not~ce,
or in the event each and evay ~he stipuiations, aqrrements, cond~~rons and covenanra of sa.d p~omissory note a.+d ~h~s mortgage any or eithe~ ar~ not
~uly, promptly a~d fully performed, d:scharged, e~ecured, eftecred. complefed, cempl~ed with and a6~ded 5y, then in e~~her a any such event ~he sa~d ag
gregate sum mentioned in said p~om~ssory note then remaining unpa~d, with in~eresf acuued, and atl moneys xcu~ed hercby, shall become d~e and pa~-
ab~e forthwiih, or thereafte~, at the option of sa~d MORTGAGEE, as fully and compte~ely as if all of the sa~d wms of mo~ey were or~g~naily st:pv~ared
to be pa~d on such day, anything in sa:d prom~ssay note or in this Mwtgage to the co~rrary norxithsrand~n9; and t~ersvpon or there~ftcr at the opno~ of
sa~d MORTGAGEE, without not~ce or demand, suit at law or in equ~ty, therefore or ~hcreafrer bag~m, may~be ptoxcuted as if •11 mqneys secured hereby
r.ad maWred pnor to As instifutwn. . ~ ,
7. That in the even? ihai at the begl~n~ng of or ~t any time pending any su~t upon th~a 1Nortyap~, oi to fo?eclose it, or to reform it, a to enforce
payment of any daims hereunder, said RAORTGAGEE shall apply to the Cou~t havn~g iur~sd~cnon tbereof iortfie appo~ntmem Af s Receiver, such Court aha~t
forrhwith appoim a rece~ver of iaid mortgaged p~operty all ~nd singul~r, includ:~g a~1 and a,nguta~ the income, profds, iswes and reven~es from whatever
sevrce de~ived, each and every of wh~ch, it being expreasly understood; is heieby mongaged as ~f spec~fically xt fonh and desuibrd in the g~ant~nq and
t~~bendum dauses hereof, and such Receiver sha11 have alt the b.oad and effecr.ve funcf ons and powers in anyw~se em.usted by a Cou•t to a Rrczirer, a~d
s: ch appointment shall be made by such Cou~t as an ad:nitted equity and a maner of abso~ute rgh~ to sa~d MORTGAGEE, and withou~ refe~ence to the
edequacy or inadequacy oF the vafue of tho property mo~tgaged or to the so.vency or msoi~e:xy o( sa~d MORiGAGOR or the defendants, and that wch
re~~s, p~ofits, inco~ne, iuues and revenues shall be appkied by such Rece~ver accord.ng to the lien or eq~ity of said MORTGAGEE ar.d the proct~ce oF sucA
CouA.
8. To duly, promprly and fully perform, discharge, execute, effect, coT,plete, cemply wirh and abide by each and every the stipuiations, agreements,
conditions and covenams ~n sa~d promissory nofe and th:s morrgage set fath.
9. That in the event the ownersh~p o1 the mortgaged prem~ses, w any part thereof, becomes vested in s pe~son other than the MORTGAGOR, t!~e
'.1pRTGAGEE, its successors and asvgns, may, without nor;ce to the MORTGAQR, deai w~th such successor w successor en +n~erest w~~h reference ro th~~
rrortgage a~d the debt hereby secured in the same manner as w~th l~loregago~ wiiFw~ut in any way vihating or d~scharg~ng the Mertgagors' Iiab~Iity FKrr
under a upon the debt hereby secured. No sate of the Fremises hereby mor~gaged and no forbearan~e on the par'~ oi ihe /AORTGAGEf or its avcceasors
er assigns and no eatension of the t~me for the payment oi the debt hereby secured given by the AtiORTGAGEE or its successws or ass~grts, sl~all operate
ro release, d~scharge, modify change w affect the orig~nal Gao~;ay of the MORTGAGOR herein, either in whole a in part.
10. It is specifically agreed that time is of the esxnce of this cont~act and that r.o waiver of any obligat~on hereunder w of the obligation x-
c~red hereby shsll at any time thercafter be held to be a wai~er of the terms hereol Or of the instrvment secvred herby.
11. In aod;ticn to the forego'ng monthty paym:nts of princ pel snd inferesf requ~rtd by the p~om sscry note secured hereb~, mortga~~r [ovenants
j~~d agrees to pay to moctgagee v~~th each month+y pay:.~ent an aod~~ional s~m est :.•ared by mo~rgagee to be eq~at to 1; 12 of rhe annual cost of the foliow-
y.
; A-All real prope.ty taxes lev~ed w assessed ~gai•~st thc above descr~bed real es+ate.
f B-Prrn+~ums on (ire ar,d w~ndstorm ~nsurance as here~n requ~red to be carr~ed on the ~m;,rove~nents s:tuate on the above d=sv+bed premises.
~ C-Premi~~ms on such matgage guaranty ir.sura.~ce as mo.~gagee shalt from r me ro t~me deem iit to carry on the loan secured hereby.
1
s Mortgagee s!~all from t~me to t~me not~fy mortgagor ~n writ~ng of the a^ou~t d~e and payable hereundrr and such su-n shai! ~herzupon be due and
` : ayable on the dva dare of ~he nexr mo~rh:y payment and each successive monrh rhereafrer ucfil mortgagee sha!I not~fy mort~agor of a change in wch
~ ~•-~ount. Such sums sfa,f be appiied by mortgagee toward the payment of reat property taxes, ins~rance prem:ums, mx! morrgage guaranty insurance
: ;~~emiums.
IN WITNESS WHfREOF, the sa~d MORTGAGUR has hereunto ut his hand and seal the day and year first aforewid.
~ Si9ned, Sealed and delivered in the prexnce of:
~ r ? ~
_ a
~ ~ (Seal)
~ ~
- t~crC~ ~ ~ ' (Sealj
~ , ' ~ Isabelle V. Chap~n (~a,)
~ " ~
~ SiATE O~~cn~ Illinois ~
~ - S5.
couNrY oF
~
~ Before me perwnally appesred D• 8~~ and
~ 1,$St7@~ p Y• ~i~18~t1 his wife, to Te weN known and kno«n ~o me to bs
~ thr individvals described in ~nd who executed the fuegang instrument, and acknowiedged befwe me that they executed the sartx fo~ the purposes
~ therein eapressed. And thz said 138b@Zle 0. Q18~1SL1
w~fe of the said _ Aenr~r D.
Cha~nan , vpon a xparate and private
~ examinat~on by me taken separate and tpart from her said husband, acknowledged to and before me that she exxuttd said i~s!rument freely and votuo-
~ !ar~iy and w~thour eny comp~lsion, constraint, apprehens:on, or ar of or from her said husband.
~ WITNESS my hand and official seal this_ day of JBn~ A. D. 19 T2_
- G~ . ~
otsry Pubtic in ~w w the State of$~i
~at large
My Comm~ssion ' w?~: i~~_noi8
' a""`" T°: My G4cMlission Expires Nay 28, 1973
First iederal Savir.gs b loan Associat~on
Oi Fort P ertt. ~ }
" ~ F~~E~ ~y4 P,ECOROED
Forr Pierce, Flond~ ST. ~UCtE COUNTT f~A.
~ RQCcn F
- - CIEkK ~ ~ OIT4A$
_ Ct1~7 COURT_, I
- _ - ~F~OF~ Y=~ =~EO._~.,~~~L
7his Instrument Prepared By E. BPgtIi1 ~
;~s First Federal Savings 8~ loan Assoc~at~on ~ - : - : ~ FEB ~ ' ~ 27 ~ ~TZ
of Fort Pierce~ j~Orlda - _ ~
L'N Checked By~-_ ^ , -
~
~ 11ry~yV1V~
= 8~$X 1~9 P~~ 9~
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