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Home My WebLink About2196 i 459263 ~9~9 SEP 1 T PM 3 36 ~ PE OOtIRT/ Q~ /S~~" ; shall haw tM optbn to teadw and apply the game oe account of the peewit { said Mortgagor to teceiw std nM it a alp part tlareot for other pueposes without eh«eby waiving or hapairing gay equity. Use or ri fibt under or by vietw of fhb a~o~tsasec nail in the event said Yartsa~or ehaU kr any teasoa fail to Inep the said preocsea M insueed. a fail to dsUver proetptb? aqy of said policies of i,tsunaos to said MortgagM. or tail promptly to pay ~ ~y Pt'~~ ~a• or in any respect tail to periitem. disdharge. axcute. effect. compMte. aatpty with and abide by this coweant. a any part beteot. said MortgsgM may play and par far such insuranw or any part thereof without waiving or aliening any option. lien, equity a rtghc uadse or by virtue of this mortgage. and the toll amount of each and awry arch payment shall bs iaomsdiatdy dw std pgyablc and shall bear interest from the date thae+eof until paid at the rate of ten per oeatnm par groom and togetMr with such interest shall be scatted by the lien of this mortgage. A ~ 4. To permit. commit or suffer no waste. impairment or deterioration of said pe+operty ar any part thereof. b. To pay all and singular the owta. charges and expcnsse. inehtding reasonable lawyer's feM and cost of abstracts of Utle. incurred a paid at• any tiros by said Mortgages benuss andlor in the swat of the taihue at the part of tM said Mortgagor to duly. proatptRy gad [uqy perform. discharge. execute. effect. eaopistc. oompb? with and abide by sash and awry the etipulasions. agreertteeta. cooditiorts and oovesants of said peomieeory nole~ and this mortgage. any or either. gad said coats, charges and expeetsM, each gad every, shall bs imtnsdiatdy due and pyable, wbsther or not there bs antics. demand. attempt to collect a suit pending: and tM lull amount of each and awry such psymeat shall bear intsra.c from tM date thereof unN paid at the rate of ten per ceetum per annum: and all said atKs. charges and expenses so incurred a paid. together wiW such inteee.t, shall bs seateed by the lien of this mortgage. 8. That lei in chs event of any branch of this mortgage or default as the part of the Mortgagor. or Ibl is the i event any of said sums of money herein referred to be not promptU? gad titlly paid within tea days nail ghee the sums ssvaratly bscoets dos and payable. without demeutd a entice, a kl in the event each and every the stipnlatioes. - agteementa. eooditiooa and coveoante of said promissory note and this mortgage. any ar either. are not dn(j?. promptly and tnlb? performed, discharged. sesattd. effected, oompleisd, complied with and abided by. thee. in either ar a~ wch event. the said aggregate sum mentioned in said peomieeoey note then remaining unpaid, with iatareat accrued. and all moneys secured hereby. shill become dos and payable forthwith. a thereafter. at the optics of said Mortgages, as fully affil oompletaty u if all of the said alms of Homey were oeiginally stipulated to bs paid ae such day. anything in Mid promissory note. and or is this mortgage W the coetrary notwithstanding: and t6eesupon or thereafter at the option of said Mortgages, without notice a damsnd. suit at law a is equity. theretofore, or tbweaher begun. may bs prosscnted u U alt moneys scaabd hereby had matnted prior to its institution. _ i 7. That in the swat that at the beginning of a at any time pending any suit upon thin mortgage. a to toncbM ' it. or to reform it. andlor to enfoece payment of any claims heeennder, Mid Mortgages shall apply to tlro a>tut 'i having 3mrbdiction tbsesot far the appointment of a Reaiwr, vetch court shall forthwith appoint a Recdver of Mid mortgaged property all aed eittgular. inchtdit4B all and singular the tents inaNae profits, issues and rewnuM from whatever eons derived. sash end every of which. it being expcsady understood is hereby mortpged a. it i specifically set foeth and deeaibed in the granting and habeednm clauses hereof. gad such Receiver shill bow all tlro broad gad effictiw fitnctioos and powers in anywiM antruated by a axvt to a Receiver. and sock appointment shall bs made by such avert as an admitted equity and • matter of absolute right to said Mortgages, and wkbatt reference to tlro adequacy M inadequacy of the vdne of the property mortgaged or to the solvency a inaoiwecy of said Mortgagee aadlor of the defendants. and that such rents. profits. income, isauee and revenues shalt bs applied by such Readwr aooordiug to tiro Ian andlor equity of said Mortgages and the practice of such arort. 8. It is understood and agreed that thin mortgage i. gives to seaeee. in additbn to the rate a obligation above dssuibd any additional loaw or future advances roads within twenty yea» from date hereof by the mortgages to said martgagon a any atooeseor in title of said mortgagoes of the property bseeby oatvsyed; provided that the total unpaid balance of the indebtedaMS secured hereby at an one tiros shall not a:aced the marimum pr6tcipal smouatot FIVE THOUSAND ONE HUNDRED TWENTY ~E5120.00)---------------------ire Is< 1. plw interMt tbsreoe and any disbursemenq made by the mortgagee far the payment of tares. lsviM or insunnos oe the property encumbered hereby. with interest on arch disbursements. IN WITNESS WHEREOF. the said Mortgagor bas executed this raortgaga under red on the day and year herein fn-at above written. 3igerod, seated and delivered in the presmta+ of: (SEAL) r. an ry (SEAL) Illinois Dorothy La dry STATE OF 1 sa . COUNTY OF !1C>~QIE L/~ Sg LLE ms pvy appM~ Dr. E. John Landry and Dorothy Landry, his wife of Rt. Oakton Acres, Ottawa, I11. 61350 i ,j-~~~~o~ ttaa..n and lmosrn to me to be ih. individwlS d«ertb.d in and who .x.wtd the toeegdag insriumset. , ~ dia.~~~+.Ldg.d before ms that t.h.ar. executed the Mme tar the p~npoMS therein expreacd. v gi?!'1~SSS my heed and otfida! seal this ~ day of 19~j.~ ~ _ ; ~ Notary Public in and tar o, ~ ~ the County a~ 8tats Afoeesaid. * - 3~.6 Pa~E2196 My - i91' 9