HomeMy WebLinkAbout0152 prior to rnt~y ot a judgmcnt enforcing this Mortgage if: (a) Burrower pays l.e~der all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if a~y. had no aceeleration occurred: (b) Borrower curos
all breaches ot any othe~ covenants or agreements ot Bcxrower containcd in this Mortgage; (c) Borrower pays al) teasonaWe
expenses incurred hy Lender in e~forcing the covenanes and agreeme~ts ot Borrower contained in this Mortgage and in
enforcing Lender's remedies at p~ovided in paragraph 18 hereot, including, but not limited to, reasonable attomey's fces; and
(d) Borrower takes such action as L.znder may reasonably require to assure that the lien of this Mortgage. i.ender's interest
in the Property and Botrower's obligation to Fnay the sums securcd by ihis Mortgage shall continue u~impaired. Upon such
payment and cure by Borrower~ this Mortgage and the obligations secured hereby shall remain in full force and effect as if
oo.accekration had occurred.
20. Assitaseot ot Reat~ Appoiatmeat of Receirer. As aciditional security hereunder. Borrower hereby usigns to
Lender the rents of the Property. provided that Borrower shall, prior to acceleration uncler paragraph 18 heceof or• abandon-
ment of the Property, have the right to collect and retain such renu ac tbey bocome due and payable.
Upon accelention under paragraph 18 hereof or abandonment of the Property. L.erKier shall be eotitled to have a
rcceiver appointed by a court to ente~ upon. take possession ot and manage the Property and to collect the rcnts of the
Property, including thaae past due. All rents collected by the receiver shall be appliod first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's ~
bonds and reasonabk attorney's foa, and then to the sums secured by lhis Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. FM~rs Adrances. Upon request by Borrower, l.ender, at Lender s option within twenty years from the date o: this
Mortgage, may make Future Advanets to Borrower. Such Future Advances, with interest thercon, shall be secured by this
Mortgage when evidenced by promissory notes stating ihat said notes are secured hereby. At.no time shall the principal
amou~t of the indebtodness secured by this Mortgage, not including sums advanced in accordance herewith to protect tht
security of this Mortgage. exceed the original amount of the Note plus USS.-"'•
22. Rdeasa Upqn paymeat of all s~ secured by this Mongage, Lender shall release this Matgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this Murtgage and in the Note. "attorney's fees" shall include attorney's foes. if any,
which may be awarded by an appellate court.
IN WITNESS WNEREOF, Borrower has exec;uted this Mortgage.
Signcd, sealed and delivered ~ ~
in the Dresence of: 4 S`~~c~'~ ~
/l.C..c,e J .,n..~ , /C~~~ . . . . . . . . . . . . . . . . . . . . . Seal
Dori J. ith ~ . -atrowe~
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. . . . . . ~4 :-4~Sr. . . ~v-....~.~ . . . . . . . . . . . . . . . . . . 1/v ~ . : . . . . . . . . . . . . . . . . . . (Se81)
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STATE OF C~ .ILLINOIS: . . . . . . . . . . . . . . . . . . . . . . . . . . . . .County ss: -
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; 1 hereby certify that on this day, before me, an o85cer duly authorized in the state aforesaid and in the county
` aforesaid to take acknowledgcments, personally appeared Doz'.i.ar1. J. . Suli.th . and. Ka~en . J. . Smi.th,
3 his, wife , , , , , , , , , , , , , , , , , , , , , , , , , to me known to be the person(s) described in and who executed the
; [oregoing instrument and acknowledged before me that. .~h~y. .......caecuted the same for the purpose therein
~ expressed.
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~ WrrrrESS my hand and o~cia! scal in the county and state aforesaid this. . . . . . 3Qth • • • • • • • • • • • • •daY of
~ November . . . . . . . . . . . _ . . . . . . . . . 19.'~. .
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~ My Commission expues: ~~'0`~`~" . . . . .
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~ (Spaoe BNow TNis line Reserva0 For Lender and Recorder)
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r~EO AND RECpROED
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