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Home My WebLink About1312 C-731A cr 58732-2 0 / THIS MORTGAGE INDENTURES , H~ ~ '1 L Executed th+t day of April , A.O., 19 $Q, by 'T~4~o PETER Ce MORGANO and NANCY A. MORGANO, husband and ~tife party of the first pert ihernnaRer taped Mortgagor), to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporsuon exnung under tM laws of the United Stattt of America, party of the second part lhertiMher ta1Nd tM AssOtiationl, WITNESSETH, That fa d+vers good and valuable cons+derations, end to nature tM payment of tM aggregate sure of mosey narrsed in tM prom+ssory note of even date herewith, haeinaitp mentioned, together w+th interest thereon end ell other sums of money secured hereby u hereiMltN provided, the Matgegtsr does grant, bargain, sell, ahem, rem+le, release, convey and confirm unto the Association, m lee simpN, tfa folbwiftg described real estau, of which tM Mortgagor is now sewed and possessed and in actual possess+on, situate in the County of ST a LUC IE Sute of Plaids, legally tfescrnbed as fouows. ` - _ _ (See Legal Description Attached) _ TOGETHER w+th all structures and rmprovemMti now and herNltN on said land and the fixtures attached thereto, also together wrtA all end pttgular the tMements, herednaments, eaxments, r+par+an rghts and appurtenances tftereunto bNonging, or in any w+se appertainirtp, end flee rents, issues, and profits thereof, end also all the estate, ngM, utk, +nurest and all claims and demands whatsoever, as well in Isw ss in equity, of said Mortgagor m end to the same, end every pert end parcel thereof, and also all gas and ekcuic hatwes, rad+ators, heaters, an crxtd+ironing equ+pment, mxhinery, boilers, ranges, elevators and motors, bathtubs, sinks, wwter tlostts, water basiru, pipes, faucets, aril other plumbing and heatnng f+xturK. mantels, relrgeraUng plans and ice boxes, vwndow screent, streert doors, venetian blinds, storm shutters and awmrlgs, wtt+cA are now or may Aerealter pertain to or be used w+ih, +n w on sa+d pemrtK, even though they be detached or detachable, are end shall be deemed to be I+xtures and xcess+om to the Ireehotd and a parr of the realty, and, nt the above destrrtltd property n now O. shell hHNItN b! used Ior COrrwrtettial purposes, then ll?e furmlure and lurmsh+ngs and any replacernenis thereof whrth may (xe owned by the Mortgagor end which are now or may hereafter be located upon the above Aestrrbed properly. TO HAVE AND TO HOLD the same. together with all the estate, nght, btk, interest, Homestead, dower and rght of dower, separate esute, posseu+on, clam and demarxf whatsoever, +n law or rn equity, of the said Mortgagor in end to the same. and every Part thereof, unto the nerd AssOC+atron in fee simple. The Mortgagor Hereby covenants with the Assocut+on that tlt! Mortgagor is indefeasibly tei>!ed wnh the absolute and tee simple btN to said property. and has full power, arxf lawful suthorrty to xll, convey. transfer and mortgage the same: that n shall tee Wwlul at any twrte hereafter fa the Association to peaceably and quietly MtN upon, nave, hold and enjoy card property, and every part thereof: that sand properly +s tree and d+scharged Iron all liens, encumbrances, and claims of any knnd, indtrd+ng taxes and asxssments, except the hen trereol, which +s a fast hen ore sand propNty. that the Mortgagor will make such further stwrartces to pertett the tee simple trek to sand property .n the Association as may reasonably be required: and that the Mortgagor does hereby fully warrant unto the Association the title to said property end will defend same .rgernst the mortgage claims and demdrxfs of all Persons whomsoever. NOW. THEREFORE, the condruon of thn mortgage n such that d the Mortgagor shall well and uuly pay unto the Associatron, the irtdtbtednlss ev,denced by that certain pnomrssory note, of even date herewith, made by the Mortgagor end payable to the Assocutron, in the pnncrpsl vein ~t-----------FORTY FIVE THOUSAND - OOI.IARS Is 45 000.00 1, together with interest as (herein sated. payable over. a term of 348 r^°^t^:• end shell perto+mcomply with and abide by each and every the stipulations, agreements, conditions and covenants contained and set forth +n this mortgage and in the promissory note secured hereby. then this mortgage and the estate hereby created shall coax and be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION li all or any part of the Property o? an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding (a) iM creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation Of a purchase money security interest for household appliances, Icl a transfer c>y devise, descent or by operation of law upon the death of a joint tenant or (d) ttN grant of any leasehold interest of three yeah Or lea not containing an option to purchase, Association may, at Association's option, declare all the wins secured by this Mortgage to be immediately due and payable, Association shall have waived such option. to accelerate if, prior to the sale or transfer, Association and the person to whom the Property Is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Association and that the interest payable on the wins secured by this Mortgage shall be a[ such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagor's sucteuor in interest r, as executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from ell obligations under this Mortgage and the Note, if Association exercises such option to accelerate, Association shall mail Mortgagor notits of acceleration. Such notice shall provide :period of not less than 30 days from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to tfa ezpira- [ion of such period, Association may without further notice or demand on Atortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the Mortgagor doss hereby covenant and agree 1 To pay s11 and srnguler the prrntrpal and rntanst and otMr wins of molly payable by virtue of sand promissory rate and tMs mortgage. or either. promptly on the days respecuvely the same severally become dw 2 To pay alt and singular the taxes. assessments. otMr governmental levees. liablit+es. oblrgationf and encumbrances of awry nature on said described property and the related debt acgwsrtron each end awry when dos and payable according tO Nor. before they become dehnqusnt and. d tea same shall rat W promptly paid the Association may st any time. sitMr before or aher deknquertcy. pay tM same without waiving w aNecting tM optan to foreclose. or any right hereunder. and every payment so made shall bear interest from tM date tlareol at the rate of eighteen per cent l18'ly per snrwm 3 Tnat the Mortgagor will keep all real and personal property now or Mreaher encumbered by thi tan of tltrs mortgage mewed as may be required from tirM to t,me by the Assoc+auon against bss by hrs. windstorm and other hazards. cawaltas and tontingencas for such parade and for not less then such amounts as may be regwred by the Association and to pay promptly wMn due all prenuums la such +nsurance. Mortgagor agrees to dekwr renewal or replaterrant { policies of any nature or replacement certificates of inwrance to tM Associatan. at Nast ten 1101 days pray to the expiration a anniversary date of tM exrstrr?g policies The amounts of insurance rsquued by the Assoaation shall be min[mum amounts for which said inwrance sMll be wnttM and it shall be incumbent I! upon the Mortgagor to maintain wch additional inwrants as may be necessary to meet and comply fully vnth all co•rrtwrsrtq requirements contained in said f J policies to the end that said Mortgagor is not a to-insuror thereunder. Inwrance afiall M written by a Company a companies approved or designated by the _ Associatron and all polic+ss and renewals ttareof shall bs held by tM Association. AN deuiNd despnatans by tM Mortgagor whclt an accepted by the Associatron and au agreements between Mortgagor and Association rNaurtg to irtwranu. raw existing or ltersaher made. shall be in wntirsg and shatl be a part v of this mortgage agreement as fully as Haugh qt torch verbatim herein and shall govern both parties hereto and their successors and assigns No ken upon any ~ of sand polrcres of +nwrance a upon any refund or return premwm which maybe payabN on tM unglNtrors or termination tMraof. shah be given to other titan €f -D the Assouatan. except by proper endorsement sffueed to wch policy and approved by tM Assouatan. Each pokey of insurance shall haw aHucsd tMrea a Standard New York Mortgagee Clause without Contnbutwn, mafung aN bss or bases under such policy payaDN to flee Association as iu interest may appeu. In the event any sum or wins of money become payabN tMreunder. tM Association shall haw tM option to reurw and apply tM same on account of the in- debtedness hereby secured, or to permit the Mortgagor to receive and use it. or any part thereof. witfaut thereby wstving or impairing any equity. kart or right j under and by virtue of this mortgage In event of bss or physical damage t0 tM mortgaged property. tM Mortgagor shag give tmmedyte rotiq tfareol by mail 3 to the Assoc+auon and the Assoaatwn may make proof o/ bss tf tM san?a is not made promptly by the Mortgagor. In event of foreclown of CMS mortgage. or other transfer of titb to eta mortgaged property. in extirtguiehment at tM utdebtedrtess secwed hereby. aN right. title and interest of the Mortgagor in and to any rnwrance policies then in force shall pass to tM purchaser a grantee. TM Mortgagor further agrees to abide by tM ruNs and existing regulations of tM Association. in connsctron wnh requued inwranq coverage of tM propertt herein erttumltertld. 4 Paragraph 4 and those which foNow are conuined on tM reverse side of this mixtgage and by reference are w+corpaated into tfa body of this matpaga. The [arms Mortgagor end Assocuuon, viAtenever used m CMS instrument, shall include die heirs, personal reprgtnutives, weassors or assigns of the respective parties ff! hereto. Wherever used, the singular rwmber shall include the plural and tM plural the singular, and tM use of any gender shell include ell genders- t l IN WITNESS WHEREOF, chest prsmrses hew been executed on the day end year first above writun. f Sgned, se end del m the prexnce ot: II ~~j~ ~ n.,, R~' il~"'~ `r ~ ~~PiMt mac. (SEALI _ l 'rl~tG/c~ tare ~F QC(. (SEALI CY A OR NO - ISEAII r _ ISEAII $v 104 Y STATE OF ILLINOIS COUNTY Of '/~y~s!.t Q~ I~ TAe for r mstrumtnt was scknowl before nit th+s.~~` ~s~y of AAl' 11. , 19sZY by ~ t ego rig edgtid T , st , PETER C • MORGANO and NANCY A. MORGANO, husband and wife. _ _ l My Comm+ss.on exp+rea _ ~ Notary ?u01ic, sot. of ILLINOIS . } ' i ~..r E ~~~~~30 ~acE~304 - - _