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Home My WebLink About1327 63027-2 C-714A cr ~ ~ THIS MORTGAGE INDENTURE - 4~4494s ~o Executed thrs~~YD day of April . A.o., t980 , by BERNARD L. MUZYNSKI,~JR. and JANICE J. MUZYNSKI, husband•aad wife party o1 the fim part Iheranslur called Mestgsgorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exnung under the laws of tht United States of Amtrita, party of the second part (hernMlter filled tM Association), WITNESSETH, That for divert good and valuable consderstions, and to secure tM payment of tM aggregate sum of mousy named in tM promiswry rate of even date herewith, Iterernaltcr mentioned, together with interest thereon end all othp sums of money secwed hereby as hereinsltN provided, the Mestgages does grant. bargain, sell. alien, remise, release. convey and conlnm unto the AssotisGOn, m ~IttK simple, the Iollowing described nsl elute, of whicA the Mortgagor is now carted and possessed and u+ xwal possession, satiate in the County of Si . LUC IS Stale of FlorWa, legally described as lollovrs . r- ~ r ~ L` r r n i ~ . - ( SEE LEGAL DESCRIPTION ATTACHED) - _ - : - - IR~~ . ~ ) TOGETHER wuh all structures and improvemMts now and hereafter on said land snot the fixtures sttxhed thereto, also together with all and sirsgular the unements, heiedrtaments, easements, ripanan rights and appurtenances thereunto bNoriging, a in any vase appertsinirtg, and tht Hots, issues, end profits thereof, and Nso all the estate, , iyht, true, interest and all claims and demands whatsoever, as well in Isw ss in equity, of said Mortgagor in and to the same, end scaly pert end parcel thereof, end also all gas and electnc fixtures, radiators, heaters, au corditionirsg egwpment, machinery, boilers, ranges, Nevators end motors, bathtubs, sinks, water closets, water basins, pipes, feucets, aril other plumbing and heating bxtures, mantels, refrigerating plans and ice boxes, window screens, screen doors, versetian blinds, storm shutters aid awnings, which are now or may hereafter pertain to or t?e used with, rn es ors card premises, even though they be detached es detxhabk, are end shall b! deemed to be lixtwes and accessions io the Ireehold and a part of the realty, and, it the above described property is now es shall hereafter be used tes commercial purposes, then the furniture and furnishings and any replacements thereof which may be owned by the Rlortgagpr and which are now or may hereafter be located upon tM above described property. TO HAVE AND TO HOlO the same, together with all the estate, right, tick, interest, Homestead, dower and right of dower, separate estate, posseuan, claim end i demand whatsoever, in law or m equity, of the said Mortgagor in and to the same, and every part thereof, unto the said Assotiauon in fee simple. The Mortgagor heritby covenants with the Association that the Mortgagor is indetcasibly seized with the absolute end tee simple tick to sad property, and has full power, end lawful authority to sell, convey. Transfer aril mortgage the same: that rt shall be lawful at any trine hereafter la the Association to peaceably and quietly Mter upon, have. hold arxl enjoy said property, and every par t thereof: that said property is tree and discharged Irom all liens, encumbrances, and claims of any kind, including taxes and assessments, excepr the Ern hereof, which is a first ben on card property; that the Mortgagor vwll make such lather assurances to perfect the 1K simple title to said property - in the Assoc.ation as may reasonably b! required, and that the Mortgagor does hereby fully warrant unto the AtsOCratrOn the title to said property and will defend same ay.iinst the mortgage claims and demarWs of all persons whomsoever- NOW, THEREFORE, the condition o1 this mortgage a wch that rl the Mortgagor shall well and truly pay unto the Association, the indebtedness evidenced by that certain promissory note. of even date herewith, made by the Mortgagor end payable to the Association, m the principal sum i FIFTY THOUSAND and NO/100 -----------------------------------DOLLARS ot is 50, 000.00 1, together with interest as therein stated, movable over a'term of 348 months, and shall tier f orm, comply with and alxde tiY each and every th! stipulations, agreements, conditions and covenants contained and set forth m this mortgage and m the promissory note secwed hereby, then this mortgage and the estate hereby created shall cease and be null and aid. } TRANSFER OF THE PROPERTY; ASSUMPTION - If all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding lal tM creation of a lien or encumbrance subordinate to this Mortgage, Ib) the erection of • purchase money security interest for household appliances, Ie1 a transfer c,y devise, descent or by operation of law upon the death of a joint tenant or ldl tM grant of any leasehold interest of three years or less not containirsp an optiow to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association i >hall have waived such option to accelerate if, prior to the sale or transfer, Association and the person to whom tM Property is to W sold or transferred reach q agreement in writing that the credit of such person is satisfactory to Association end that the interef: payable on the sums secured by this Mortgage shall ba i err such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagor's successor in interest i,as executed a written assumption agreement accepted in writing by Association, Associa.ion shall release Mortgagor from all obligations under this Mortgage ai,d ttx Note. I1 Association exercises such option to accelerate; Association shall mail Mortgagor notice of acceleration, Such notice shall proviW a period of not less than 30 clays from the date the notice is mailed within which Mortgagor may pay the cams declared due. If Mortgagor falls to pay such cams prior to ifre expirs- t~on of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 Mreot. AND the Mortgagor doss hereby covenant and agree 1 To pay all and singubr the principal end interest and other sums of money payable by virtw of sad promissory rats end the mortgage. es either. promptly on the days respectively the same severally become due 2 To pay all and singular the taxes. assessments. otMr governmental levees. Irabitities. oblpations and srtcumbrantes of every nature on sad described property and the related debt acquisition each and awry wMn dos and psysbM according to law. before tMy become delinquent ord. rf the same shall not be promptly yard. the Allocation may sf any time. either before es ahsr dsbrtquency. pay the same without waving es aHscUng the optan to /orlsclose. a any rpht hereunder. and every payment so made sMll bear intsrast from tM date tMreof at the rate of eighteen per cent 1189N per annum. I 3 That the Mortgagor wiu keep all real and personal property raw es Mreafter encumbered by tM Men of the rttestgage insured as may be required hom dine to time by the Asstciation against bas by firs. windstorm and otMr hazards. cswsdties and contingencies for such perrods and for not less tlsan such amounts as s may be requurd by the Association and to pay promptly when due all premwms for such inw?snte Mestgsges agrees to deliver renews) es replacement poncies of any nature es replacement cereficaus of mwranCe to tM Associaton. at least ten 1101 days prior to tM expiratan es anniversary dsu of tM eaisbng policies The amounts o1 insurance required by the Associaton shall be minimum amounts for which said insurance shah be written and it sluN be incumbent upon the Mortgagor to maintain such additional insurance as mey be necessary to meet and comply fully with aN eo-insurance requinmerits conuined in said pobues to the end that sad Mortgagor is not a eo-ir?sures tMrsunder. Insurartp shall be wntten by a company es companies approved es designated by the ,v Associaoon and all policies and renewals thereof ahaN be held by tM Association. AN d:,siled Oe.:~rrtations by the Mortgagor vvhrCh are ateeptad by the Association and all agreements between Mortgages and Associaton rskting to insuranu. now existing es .:ersafter made. shah be in canting and IshsN bs a part of this mortgage agreement ss fully as though set forth verbatim Mreut and shall gown loth parties hereto . rd tMir successors and assigru. No Mart upon any o! said policies of iriwrance a upon any refund w return premium which maybe peyabMl on the cancellatan a rerminstan thereof. shall be gnren to otMr than 2 the Association. except Dy proper endorsement eNrxed to such pllMcy and approved by sM Associaton. Each pr~:ty of intiirsriee shah haw affuted tMnto a ' t Standard New York Mortgagee Gauss without Contribution. making sN bat or bases under suds poMty paytbN to the Assoastion as iu ingress may appear. In the event any sum or sums of money become payebk thereunder, the AssoGatan shall haw the option to receive and apply tM same on account of tM in- - f debtedness hereby secured. or to permit tM Mortgagor to receive and use it or any pert tMreof. without thereby waning es impairing any equity. Men or right ! under and by virtue of this mortgage In event of bas es physical damage to tM mortgaged property. the Mortgages luau give immedau notice tMreol M mail to the Association and the Associaton may make proof of bas rf tM same is not made promptly by the Mortgages. In event of toreclowre of this mortgage. es t other transfer of tick to the mortgaged property. in exbrtgughmertt of tM indebtedness secured ttereiby. aN nght. title and interest of the Mortgagor M and to t any insurance policies then M face shall pass to tM purcMgr es grantee. TM Mortgagor further egress to abide Dy tM ruMss and existing regulations of tM ~ Association. rn connection with required inWranCe coverage of tM property Mrein encumWred- - 4 Psragrsph 4 and those which follow are contained on tf?e reverse side tM this mortgage end by reference an incorporated into tM body of tltis mortgage. The terms Mortgagor end Association, whenever used in this instrument, shall inNudt tM hors, personal reprpMUtives, successors es assigns of the respective pfrties hereto. Wherever used, [he singular number shall include the plural and tht plural the singular, and tM tits of any gender shall include ell genders. IN WITNESS WHEREOF, these premises have been executed en the day end year tint above writun. ~gned, sealed in ttie presence of: i o _ e ~ ~ ISEALI ~ ~ ~RNARR L~ I , ~ ~ ~ l lZrti ` ISEALI JANICE MUZYN f ISEALI s s ISEALI w STATE OF ILLINOIS COUNTY OF e The foregoing instrument ass acknowledged btlese me chi day elf i1 , 19 80 by ice. f ~ BERNARD L. I~UZYNSKI, JRe and JA~t~ ~T;;,,i[UZYNSKI, husband aad wife # 1 . Ri. yr'~, LEND R My commiuron exgres ~ O ~ i r^Rr~ • t i - f{afelry Ipp/lic, sun of ILL INOI S ;t yam. . ~v ~r 8Ct}K~ PAGEi319