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Home My WebLink About0341 491450 Form tfi~ IRav.l -TRUST OEEO • Inwrana anti Rapivar Parfaaiort ~1 Rorma 8 T~tirt Co., Rockford III, ~ , Thi$ Indenture WITNESSETH, roar the Grantor JEAN S . WARD, a divorced person not since remarried / of the City of Champaign eouatr of Champaign ~ sate ~ Illinois 7 for and in coasideratioa of cbe sum of Three thousand four hundred and no/100- - - - - -nollaa i in hand paid, tANYEY and WARRANT co J . E . We 1 Ch , Trustee i of the Clty of ChampaigncaW,t, of Champaign aad Sate of I111n0~[b ro h;, successor, is trust hereiatfcer named. for the purpose of securing petfotmaaot of the eoveaaaa tad agreetrscna herein, the following described tell estate. with the imptovetnena thereon, including all heating, gas and plumbing apparatus and fuctura, and everything appurtenant thereto, together with all teats, issues and profia of said premise. situated in the frouary of St . LUC 1 ~ I Sate of Florida to-w?it: I! Condo Unit F Building, No. 412, High Point of Fort Pierce f Condominium, Section 1, located in St. Lucie County, Florida _ , i~ ~ e T. t - - s i_ ~ - Rtacfalwd • ' ~ to Paynteftt Ot Tt~ i ~ • Ous On Class "C" Intanp)t?1~ Psnonal ~oP+rtll, -M - v i ~ ~ pursuam To Chapar 71.134. Acts 0~ } 71, _ - - ROGER POITRAS flax! Circuit Coun, St. Lucie, Co., Fla. Hereby releasing and waiving all righa under and by virtue of the homescad ezemption lawn of the State of FlOrlda 1N TRUST ntvercheless, for the purpose of securing performance of the mvenaaa and agrtemma t~ereinl WHEREAS, The Grantor JEAN S. WARD - juuly indebted upon a principal promiuory Dote barit?g even date herewith in the sum of Three thousand four hundred and no/100----Dollars (=3-,.40,0.,,00___. ) pa able on or before 90 days from the date hereof, with interest thereon ~rom the date hereof at the rate of Thirteen (13$) percent per annum; and , to secure any future advances, renewals or extensions under said note, ' and any other sum now or hereafter owing from Grantor to, Bank. That privilege is reserved to pay the debt in whole or in part at any time at the office of The First National Bank in Champaign { or such other place as the legal holder hereof may from time to time in writing appoint. THE GRANTOR covenant and agree. as follows: (1) to pay sail indebtedness, and the interest thereon as herein and in sail notes and coulwns proviJrJ, or according to any agreement extrnding time of paymrnt (2) to pap prior to the time that penalty will attach in each year, all taxes and assessments against vid premises, and on demand to exhibit receipts therefor, (3) within sixty Jays after destruction or Jamagr to rrbuiW or restore al4builJings or improvements on said premises that may have btrn i destroyed or JamagrJ; (d) that waste to sa~J premises shall not be committed or suHertd; (S) to keep all buildings at any time on uiJ premises insured against loss by fire and tornado, to the full insurable value, in companies to be approved by the holder of said in- debtcdness and Jrlicrr to the sail holler of said indebtedness the iasurance policies so w•rittrn as to require all loss to be applied in j , ~ reduction of said indebtedness; (6) to keep the said property tenantable and in good repair; and (7) not to suffer any mechanic's or other lien to :attach to sail premises. In the event of failure so to insure, to pay taxes or assessments, or to keep the property in good repair, or to prevent mechanic's or other urns attaching to said premises, the grantee, or the holder of said indebtedness, may procure such insurance, or pay such taxes or assessments, or make such repairs as he may deem necessary to keep the said premises in a tm- ~ antable condition; or Discharge or purchase aay tax lien or title affecting said premises; and all moneys so paid, the grantor . agree to repay immediately without demand, and the same, with interest thereon from the date of payment at sevrn per «nt. per annum shall be so much additional indebtedness secured hereby. IN THE EVE\1T o(a breach of any of the aforesaid covenants or agreements, the whole of said indebtedaess, including prin- , cipal and all earneJ interest, shall, at the option of the legal holder thereof, without notice, become immediately due and pa able and with interest thereon from time of such breach, at seven per cent. per annum shall be recoverable by foreclosure hereof, or by suit at law•. ex both. the same as if all of said indebtedness had thrn matured by express terms: IT IS AGRf.ED that all txpenses and disbursemrnts, paid or incurred in behalf of complainant in connection with the fort- elosure hereof-including reasonable solicitor's fees, outlays for documentary esidencq stenographer's charges, cost of procuring or complrtinl; an abstract of title showing the whole title to said premises embracing foreclosure decree-shall be paid by the grantor that the like expenses and Jishursemrnts, occasioned by any suit or proceeding wherein. the trustee or any holder of any part of uiD indebtedness, as such. may be a party, shall also be paid by the grantor....• that such expenses and disbursemrnts shall be an additional lien upon said premises, shall bt -taxed as casts and included in any decree that may he rrndered in such foreclosure pro- ~ ceeding. which proceeding. whether decree of sale shall have .been rntered or not, shall not be dismissed, nor a release hereof given, s until all such fees, exprnses and disbursements, and the costs of suit, including solicitor's fees, have been paid. The grantor waive all right to the possession of and income from said premises pending such foreclosure proceedings, and until the period of redemption from any sale thereunder expires, and agree that upon the filing of any bill to foreclose this Trust Deed, a Receiver shall upon motion of Solicitor fur complainant, without notrce, be immediately appointed by the court before which such motion for the appointment of a rr«ivrr shall come on for hearing, to take possession or charge of said premises, and collect such income and the same, less receivership expenditures. including repairs, insurance premiums, taxes, assessmrnts and his commissions, to pay to the person entitled thereto in reduction of the Indebtedness hereby secured, in reduction_of the amount of aay decree of sale rntered in t i any foreclosure procerDing. in payment or reduction of any deficirncy after a lltaster's or Commissioner's sale under any decree of y sale, in paymrnt or reduction of any Jrficiency decree entered thereon, or. if not in either manner so applied, the court approving , r the receiver's report shall order that the same be pail to the person rntitled to the deed under the Master's or Commissioner's sale.o- t ~ , ~ A bond on application for rccecver is hereby expressly waived and it shaft not be the duty of the trustee, legal holder of the notes or`-° ~ purchaser at any I?laster's or other sale to see to the application of the principal sum hereby secured or of the purchase money; or to ~ngmre into the validity of any taxes, assessments, tax sales, taz titles, mechanic's or other liens or titles, or the necessity for repairs, in aJsancin~; money as hereinbefore provided. IN THE EYENT of the dnth, inability, remotest of absrnce from said Champaign Couaty of the grantee, or of his refusal or failure to act, then another bank off ieer of said County is hereby appoiated to be ~ the first successor in this trust; and if for any like cause said first successor fail or refuse to act, the person who shall thrn be the acting Recorder of Deeds of said County is hereby appointed to br second successor in this trust. And whrn all the aforesaid covrn- - ants anD agreements are performed, the trustee, or his successor in trust, shall release siiD premises to the party entitled thereto oa ~ reiening his reasonable charges. - ' Vi'ITNESS the hand and seal of the grantor this 3rd aay of June A. D. 19 r n~ ~ _ _ .[SEAL) - _ .[SEAL] r 8001(JJ~ PAGE - _ _ [SEAL] _ .-...[SEAL) i PREPARED BY: The First National Bank in Champaign 30 Main Street, Champaign Illinois 61820 - _ s_ -