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HomeMy WebLinkAbout2600 and shall per(orm, comply witl~ and a6icle by euch and erery the agreements, alipulations, condilions and cone~anfs thereo/, and oJ this mortga~e, thpn this mortgage and the PlIAIP hp.eby created, sl~all cpase, de- termi~ie and 6e null and void. Iil~~ the morfgago? hen+by ~urlher couennnts anc~ ogrees to pay prompfly when c~ue tl~e prinrip4l unc~ interes! and otf~er sums oj money provided ~o~ in said nole aad tl~is mortgage, or eilhe~: 1o puy aII and singular the ta.res, nssessmenls, levies. Iiabililies, obliaafions, and e~cumbnances oJ every nature on said pro- pe~ty: to permif. cummil or suf~er no wasfe, impairmenf or c~eteriorafio~ o~ sai~ la»c~ or ftie improvemenfs thereon at any time: to lreep the ~tttl(rFRfQS now or {eerra/ter on said land /ully insured in a sum oj not less ~~an in a compuny or companies occeptable to t{~e mortgagee, the policy or policie~ lo be helcl 6y, Qnd pnya6le 10, said mortgngee, and in the event nny sum oJ money 6ecomes poyable 6y i~irtue oj suck insurance !{~e mo?tgagee shall have !he right to ~ec~ire and apply the snme to Ihe inde6tedness here6y secured, accounting !o !he morfpac~or ~or any surplus: to pay a(~ cosls, c~a?ges, and expenses, inc~uding ~awyer s~ees anc~ tif~r ~ searclies, rensonably incurrec~ or paic~ by fhe morfgagee because of I~e ~ailwe o~ the mortgagor !o promptly ' ~ and ju~~y comp~y wilh 1/~e agreemenfs, stipu~nlions, conditions nnd eo~enants o~ saie~ nofe an~ !{~is mortgage. or eit~e~; to perform, comply wit~ an~ abic~e by eac~ anc~ every (he agreemenfs, sfipujations, rnndiliona ared covenants sef ~ort~ in said nofe an~ i/~is morfgage or eifher. ~re fhe ee~ent !he morigagor fai~.s fo pay when due any tax, assessment, insurAnce premiurrt or other sum o/ money paynble 6y virtue a~ said nole and this morfgage, or eif~er, Itie rreorlgngee rnay pay f{~e same, without waiving o~ aj~ecting the option to (orec~ose or any o!leer righf I~ereunder, ond all such.payments shnll 6ear interest (rom date Ihereof at the Itighesf ~aw- ~ ~u~ rate Il~en allou~ed 6y t1~e Iau~s of Ihe S1ale o) Florida. ~f c,s~ any sus;~ o~ money tierein reierrec~ to 6e not promplly paid wilhin Fifteen / days next ajfer f{~e same 6eco~nes due, or if each and ~i•ery the agreements, stipu~ations, conditions and couennnls oJ suic~ i note ant~ il~is moregage, or eit6er, are not jully performed, complied wit{~ and a6~ded 6y. ~hen tl~e enfire sum mentionec~ in snic~ nole, ancl fhis mortgage, or the entire bu~ance unpaicr thereon, s{~nl~ )o~ttiu~il{~ or ~ t?~ereajter, at the optton oj Ihe mortgagee, 6ecome and 6e due an'd paya6le, anylhing in saic~ note or I~erein ~ to ftie conlrary notwitl~slanding. Failure 6y Ihe morlgagee fo exercise any o~ t/~e rig~ifs or optioru ~erein proride~ stin~~ nof conslifule a u~airer o( nny rig{~fs or options une{er saic~ note o~ fhis mor[gage accrued or ll~erea(ler accruing. ~ ~ ' I ~n ~~tness ~hereof~ Ihe said mortgagor has l~ereunto signed and sealecl these presents tl~e i c~ny anc~ year (irst a~ove u+rilten. I ~j Signed, sealed and c~eliT~e~ in ,t ~e prpsence o~: ! ! ~ - ~.....1,'-~.---~, ~ ~ - - - - ' - ~ ; . n~ " ~ ~ - ~ ~ i~ ~ ~ - ~ . . . _ - - - - - - ~ ~ - , . - - - - _ . . - . ~ . ; ? t ! !f ~ STATE OF ILLINOIS, 2 ~ E' CC)l'tiiTY t)~~~~~~~ ` i ; I fiEREBY CERTIFY that on this day, befor~ me, an j ~i officer duly authoriz~d in tht ~tat~ aforesaid and in the County aforesaid to ta{cr acknowledqments, p~rsonally appeared ; i SEIEN C . DRUt4! ~ to mr known to }x the p~vson desrribed in and who execut~d th~ (or~. oiq instrument and f K 4 6t1Q acknowledqcd i belor~ me that b~l@ ~:~cuted th~ same. ~ ~ ~ " 1~'IT\ESS my hand and official sea) in th~~ County and Statc last afor~said this L~`~ day of i ~i if l.+-'+~-L A. D_ I9'fZ. i - il ' , ~ ~ , _ . c - ~ - , .c..h . . . . ~ ..."M........'.....' ~ - NO'1'ARY LZC ' .iRs t- } M~~Cb~ti•~aion Expires: ~i ! ~ / Ft~EU ~k ^ ~:=i0RDE0 j • ' , ST.IUC~~ .OtiNTY FIR. ~ i ROGin. iJITaAS ( CIERK C; ,vUlt COURT i ~ (~10t$~~`' S@dl) RECOaO V~f~ ~irr ~ 30 12 oa PH'TZ . , ~i 23;~523 ~ i t ;1 ga~K~03 ~~2600 ~ 2 ~ - _ _ - ; G ~ ~ . r., _ r -s,~