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Home My WebLink About2625 tc~n~ler to the \lurt~;a~ee in uccordsn~•~~ Witl? th~~ pm~•isions of th~~ not~~ s~~~•ur~~~l h~~r~~h~~, full ~,i?~~nu•nt ~?f th~• entire indebtcdncss reprnsent~•d thereb~•, tl~e ~lort~;~g~~e, a.v truKt~~~~, tili~~ll, in cunipulii?k th~• uin~~un~ ~?i su~•li indebtedness, credil to th~~ a~•count af 1~?e Mort a~pi apf c~redit b:iluuc~~ r~~iuainin~ un~l~~r Ih~~ pr~?ci.i~m. uf iul oi said peragraph 2. If th~rn shnll 1~ a d~fau~t un~~h'`ni~~• of ih~• ~?ro~•i.yiuns of Il~i. iu~?rIRuR~• r~•.~?IIinR in u public ssle o( the prnn~i~~•s co~•ered hereb~•, or i( 11~e :11ort~;a~;~~~~ a~•yu~res tl~e pn?~x~rt~• ~~th~•r~~~i,~~ ah~~r ~I~~faul~. tiie titortga~ee, as truat~~e, shall appl~•, at th~ lime of th~ ~•o~n~~~cn~•~~iiu~nt of su~•li pru~•~•~•~IinRs ~?r th~~ tini~~ the propert~• is oti?erwise acquirnd, the an~ounl th~n rnn?aininK to ~r~~dil of ~tortKaRor un~l~•r (u) uf ~?ur,~~?rapl~ precedin~ as a crc~dit on thr interest accru~d and unpaici an~l tii~ hal~n~•~ to tlis~ prin~•ipal th~~» r~~n?:~iniii~; unp,~i~l ~~n said note. 4. He will psy sll taxea. ~mente, wt?ter rates~ and other governmental or municipal chargea~ finea. or impositions, for which provision hae not been made hereinbefore, and in detault thereof the Mortgagee may pay the eame; and that he will promptly de4ver the o~cial reoeiptn therefor Lo t6e hlurtgagee. b. He will permit, commit, or suPfer no weate~ impairment, or deterioration of eaid pmperty or any part thereof~ except reasonable wear and tear; and in the event oE the failure oi the Mortgagor to keep the buildinga on eaid premises and t6oee to be erected oa eaid premises, or improvements thereon~ in good repair~ the Mottgagee may make such repaire as in its discre'tk~n it~bnay deem becessacy tor the proper preservation thereof~ and the full amount of each and every auch payment ahall be due and payable tturty (30) days after demand, and ehall be eecured by t6e lien of thia mortgage. 6. He will pay all and eingular the costa~ chargee~ and eapenses, including masonable lawyer's feea, and costa of abstracts of litle~ incwred or paid at any time by the Mortgagee because of the failure on the part of t6e Mortgagor promptly and (ully to perform the agreementa and o~venants of said promissory note and this mortgage, and said coats~ charges, and expenses shail be immediately due and payable and ahall be eecured by the lien of this mortgage. 7. He will oontinuously maintain hazard insurance, of such type or types and amounts as Mortgagee may irom time to time require, on the itnprovements now or hereaiter on said premises and etcept when payment for all such premiums 6as theretofore been made under (a) of paragraph 2 hereof ~e will pay promptlv when due any premiums therefor. All insurance shall be carried in companies approvec~ by rlortgagee and t~e poli- cies and reneK•als thereof shull be held by Mortgagee and have attached thereto loss pay able clauses in favor of . and in form acceptable to the l~iortga~ee. In event oi loss he will give immediate notice by msil to hiortgagee, and ~lortgagee may make prooi of toss if not made ptomptly bs Mortgagor~ and each insurance company eoncerned is hereby suthorized and d'vected to make payment for such loss directly to Mortgagee instead of to 1~tortgagor and 1liortgagee jointly~ and the insurance proceeds~ or any part thereof, may be applied by Mor~ gagee at its option eit6er to the reduction of the indebtedness hereby secured or to the restoration or repair of the property dama~ed. In event of foreclosure of this mortgage or other transfer of title to the mortgaged property in extingu~shment of the indebtednesa secured hereby, s~l right, title, and interest of the 141ortgagor in and to any insurunce policies then in force shaU pRSS to the purchaser or grantee. R. If ih~~ pr~~~nis~~s, or a~~~- purt tli~~r~~o(. IK~ ~•ond~~nin~~d un~l~~r tli~ ~x?~~-~~r of e~~~in~•nt d~uu~in. i~r u~•~~uir~•~I f~~r a~~ublir us~~: Ih~~ ~luniu~;e•s u~~-arde•~l. th~~ pro~•r~~~ls for thi~ t:~kin~; of. or thc• ~~onsid~~ratio» for ~urh u~•~~ui,iti~?n. ~ the ~~t~nt of th~• full amount of th~~ r~'111R111111~ unpai~l in~l~~bt~~~ln~~~.~ ~~~~•um~l b~~ this n~i?rt~;u~~•. ~irr lu•r~•1?~~ uc~i~n~•~I to th~~ ~1ort~;t~~~•t~. un~l I~i. h~~in ~~r ac.~i~?n,, itn~l .luill h~~ pui~l forthw•i!h to .uid ~1art~?u~:i~+~ ~?r lii. ti~i~n~~i• to IN• applit~~l on a~•~•ount of th~~ lu~t maturin~ in~tnll~u~~nt~ of ~uc•h ind~bt~~dn~~~s: pr~i~-i~l~vl. hu~~-~•~~~~r. th~~ ~lort}:n~~~~• or hi.s assiKnt~~~. nutr at his ~li~~•r~~tion p~~~- dirr~•t to th~~ ~lortki~~;or, I?is h~•i~ or assi~;n. un~- purt or ull c~f :u~•h a~~-er~l; pm~-i~le~l, tLut if th~~ lo,?n is ~;uuri~nt~•~~~1 or insur~~d. tli~ ~•o~~s~~nt af th~~ guurant~?r ~?r i~?.ur~~r i. ~I~tainn.l in »~Irwn~~.. nf cNi~l nw~•nu.nl _ - . . . . , . The 111ortgagee may, at any time pending a auit upon t6is mortgage~ apply to the court having jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of the pmmises co~ered hereby sU arid singular, including all and singular the income, pro6ts~ issues, and revenues from whatever source derived, each and every of which~ it being expmssly understoai, is hereby mortguged ss if speci6ca11~• set forth and cie~cribed in the granting and habendum clauses hereof. Such appointment shall be made by such court as an aclmitted equity and a matter of absolute right to said Mortgagee~ and without mference to the adcquacy or inadequacy of I the ~•alue of the propcrty mortgaged or to the solvenc~• or insolvency of said Mortgagor or the defendants. Such rents, pro6ts, income, issues~ and revenu~ shall be applied by such mceiver accotding to the lien of this mortgage and the practice of such court. In the event of any default on the parL of the biortgagor hemunder, the ~Tortgagor agrees to pay to the r4ortgagee on demand a~ a reasonable monthl~• rental for the pmmiscs an amount at least equivalent to one-twelfth (1/12) of the aggmgate of the twelve monthly installments pa~able in the then current year plus the actual amount of the annual taxes~ assessments, water rates, and insurance premiums for suc6 year € not covered by the aforesaid mont!±ly pa~•ments. ~ 1t1. In the event of any breach of this mortgage or default on the part of the riortgngor; or in the event that ~ any of said sums of money herein referred to be not promptl~ and fully paid according to the tenor hemof, or in the ~ event that each and every the atipulations, agreements, conditions, and co~•enants of said note and this mortRage, are not duly, promptly, and fully perfom~ed; then in either or an~• such e~•ent, the said u~{regate sum mentioned ~ in said note then mmaining unpt?id, aith interest acerued to that time, and all monecs secum~l hereb~•, shall become ~ due and pa~•able forthwith, or themafter, at the option of said Tlortgagce, ns full~~ ancl complet~ly as if all of the t said sums of monc~ were originally stipulsted to be paid on such da~•, an~•thinR in ~+id note or in this mortg~gc to ~ the contran• notnithstanding; aad t6emupc,n or th~mafter, at the option of said 11~rtRagee, without notice or ~ demand, suit at law or in equity, ma~~ bc prosrcuted as if all mone3•s secumd he,Teby had matared prior to its institu- ~ tion. The ~tortgaRee may foreclose this mortRaRc, as to thc amount so declared due and pa~-able, und the said premises shall be sold to satisfS~ and pa~• th~ s.nme toget.her Hith costs, expense•s, and allow~ances. In cnu~ of partial ~ foreclosure of this mortgage, the mortqaged premises shall be sold subject to thc continuing lien of this mc?rtg;ige - for the amount of the debt not then due and unpaid. In such case the provisions of this paragraph ma~• aK:iin t~e ~ availed of thereafter from time to time b~• thc ~Iortgagee. ~ 11. No wai~ter of any covenant herein or of the obligation ~c~cumd h~mh~• ~h.~ll at an~~ tim~ thercaftt~r t,e hcld ~ to be a wai~er of the terms hereof or of the note secured hereby. I''. The lien of this instrument ahall remain in full force and ~ffect ~luring ant• post~x~n~m~nt or extcnsion of ` the time of payment of the indebtedness or any part thereof secureJ hcreby. _ If the l~iortgagor defanlt in any of the covenants or agmements contained herein, or in said note, then the Mortgagee may perforan the same, and all expenditures (including rea.~onable attorney's fecsl made hy the 111ortR3Ree ~ in ~ doin~? shall draH• int~r~st at th~ rate pr~?~~i~l~~~l f~~r in th~~ ~irin~•ipal in~l~~ht~~In~~~.s, an~l ~hall hr r~~pn~-ahle 3 thirt~• (30) da~-s aft~r de~mand, and, to~;~•ther ~~•ith intcr~~s~ an~! costs accru~il th~•reon, shall I,e •~•~•ur~~~i i?~. ~ this mortgage. 1~. Upon the rcqu~~st of tl~~ ~tort~;ngce th~ ~tort~;n~;o* sl~all e«~cute nn~l ~Ic•li~er a suppl~~nu•ntal n<~t~~ or not~~~ for the sum or sums ad~•an: ~~~i h~• tlu~ ~iort~;a~;~~~~ for thc• alt~~ration, m~x1~•rnization, imprv~-~•in~~nt, nu?in- - tcnan~e, or r~pair of ~aid pr~•mi~t•s, for tax~~~ or a~<<:~.~m~•nt5 a~;ainst the ~t~nu~ i~n~l G?r otl~~~r ~rnrp~~s~• niith~~r- ~ ize~l hereund~~r. :~aid t?otE~ or notes shall be seci~reel herel?~- on a parit~• ~~•ith and a~ full~• as i( Ihe a~l~~an~~~ 'wt e~•idenced th~re},~- w•ere includ~cl in th~• note first dc~ribed at,orc~. ~ai~l snppl~~m~•ntal not~~ or not~~s shull h~~ar interest at thc ratc pro~ idcd for in the principal indcbtedness an~l shall be pa~•able in approximut~~l~• ~~qual ~s monthl~ pa~•m~~nts for such period as mn~• be a~;re~d upon b~• the cr~ditor an~1 ~1~I?tor. Failin~ to x{~n•~• un thr• ~ maturit~•, t~?r w•hol~ of ihe s~im or sums so nd.•an~•c~i shall b~~ ilu~ nn~l pa~-nl?Ir thirt;~~ (:i~) i1a~•s eft~•r ~I~•n~~~ml 7:'. b~ the crc~ditor. In no e~c~nt s6all tl~c maturity extcn~ bc~•ond the ultitnate r~uturit~• of tL~~ n~?t~• fint ~ry c~escribed abo~ e. " 6eeN 21~ ~nc~ ~:'t X.. ' J - ~ ~L' .y" " 3~'~..~,.. . ~-S_..f.'.'~