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HomeMy WebLinkAbout1574 - 1 f ~~•J ~ f 1 prior to entry of a judgment enforcing this Mortgage it: (a) Borrower pays Lender all sums which would bt then due under , this Mortgage, the Note and notes securing Futuro Advances, if any. had no acceleration occurred: (b) Borrower cures all breaches of any other covenants or agroements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenant: and agroements of Borrower contained in this Mortgage and in enforcing I.ertder's romodies as provided in paragraph 18 hereof, including. but not limited to. reawnabk attorney's fees; and (d) Borrower takes such action u Lender may reasonably requiro to assure that the lien of this Mortgages Lender's interest in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force sad effect as if no acceleration had occurred. - 20. of Reots; A~poietaseat of Receiver. As additional security hereunder, Borrower hereby assigns to Lender the rcnb the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon- ment of the ,have the right to rnllect and retain such rents ss they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall he entitled to have a receiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the ! Property, including those past due. All rents collected by the receiver shall be applied fiat 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 reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those nab actually rooeived. - 21. F'atar+e Adrancea. Upon request by Borrower, Lender, at Lender's option within twenty yeah from the date of this Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, steal secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time all the principal amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewt to protect the security of this Mortgage, exceed the original amount of the Note plus USS 22. Reksate. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage wt out charge to Borrower. Borrower shall pay all costs of recordation, if any. 23. Attofaey's Feea. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees. if any, which may bt awarded by an appellate court. IN WITNESS WHEREOF, Borrower-has executed this Mortgage. Signed, sealed and delivered in the Dresencx of: ~Wi].l. G heahen ..~:~....-e(?owe 4 x ~Jv ...............(Seal) ~Afa ~ e §heahen -6orrowK Illinois STATE OF COOk...................Ca'unty ss: I hereby certify that on this day, before me, an o>yicer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared ~lilliam . G, , Sheahen, pnd, I~;fig, $)te~h~q _ ~S. F: i~6 . . to me known to be the person(s.) described in and who executed the foregoing instrument and acknowledged before me that they....... executed the same for the purpose therein expressed. d W y hand and o~ciat seal in the ounty and state aforesaid this .........day of 19.7 1 My Commission eipues: , ( ~ / ~ HOtary Public E 3 i f ~ E - (Spsce BNow This Line Restrved For Lender and Recorder) E ' i 3 _ , 441939 ~ - F '79 l~F~ 2 4 Ptt ~ 2 : 2 5 , Norris Tiifo?l; ir. A. ".=<<.~y at Lnw ~ • i,cx 526 Jensen Beach, Eloride 33457 {4 i l t ~o~x~7 ~~.574