My WebLink
|
Help
|
About
|
Sign Out
Browse
201400400
LFImages
>
Deeds
>
Deeds By Year
>
2014
>
201400400
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
Metadata
Fields
Template:
DEEDS
Inst Number
201400400
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
175
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
201400400 <br />4. Lender in Possession. In addition to any provision of this Security Instrument <br />authorizing Lender to take or be placed in possession of the Mortgaged Property, or for the <br />appointment of a receiver, Lender shall have the right, in accordance with Sections 15 -1701 and <br />15 -1702 of the Act, to be placed in possession of the Mortgaged Property or at its request to have <br />a receiver appointed, and such receiver, or Lender, if and when placed in possession, shall have, <br />in addition to any other powers provided in this Security Instrument, all rights, powers, <br />immunities, and duties as provided for in Sections 15 -1702 and 15 -1703 of the Act. <br />5. Waiver of Redemption. Borrower acknowledges and represents and warrants that <br />the Mortgaged Property does not include "agricultural real estate" or "residential real estate" as <br />those terms are defined in 735 ILCS 5/15 -1201 and 5/15 -1219. Pursuant to 735 ILCS 5/15 - <br />1601(b), Borrower waives any and all rights of redemption from sale under any order of <br />foreclosure of this Security Instrument, or other rights of redemption which may run to Borrower <br />or any other Owner of Redemption, as that term is defined in 735 ILCS 5/15 -1212. Borrower <br />waives all rights of reinstatement under 735 ILCS 5/15 -1602 to the fullest extent permitted by <br />law. <br />6. Limitation on Indebtedness. Notwithstanding any provision of this Security <br />Instrument, the Note or any other Loan Document which permits additional sums to be advanced <br />on or after the date of this Security Instrument, whether as additional loans or for any payments <br />authorized by this Security Instrument or any other Loan Document, the total amount of the <br />principal component of the Debt secured hereby shall not at any time exceed three hundred <br />percent (300 %) of the original principal amount of the Note as set forth in this Security <br />Instrument. <br />7. Future Advances. This Security Instrument is granted to secure future advances <br />made by Lender to the Borrower. The parties acknowledge and agree that all future advances <br />shall be a lien from the time that this Security Instrument is recorded as provided in 735 ILCS <br />5/15- 1302(b)(1). <br />8. Revolving Credit. This Security Instrument secures a revolving credit loan <br />facility that may involve partial payments of the indebtedness secured by this Security <br />Instrument and readvances of principal by Lender subsequent to the making of this Security <br />Instrument in accordance with paragraph 19 of this Security Instrument. No such payment shall <br />extinguish the lien of this Security Instrument unless and until the indebtedness secured by this <br />Security Instrument is paid in full and a formal release of the lien of this Security Instrument is <br />given by Lender. The parties acknowledge and agree that, as provided in 735 ILCS 5/15 - <br />1302(b), all future readvances, including any such future readvance, shall be a lien from the time <br />that this Security Instrument is recorded. <br />******************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** <br />FOR MORTGAGED PROPERTY LOCATED IN INDIANA <br />1. This Security Instrument secures payment and performance of all future advances <br />including, without limitation, advances to protect the security and collateral under this Security <br />- 94 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.