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<br />The Mortgragee may collect ;I "late charge", not to excecd Five Centi
<br />.,let) (I( iiar (�;*i.00) of.,iich tot;ii inolithk
<br />C) for 't
<br />I)a�'Ilwnt mort- Ilion 1-7) days in arrcar.�; to cover thei(I.I(ra experise involve(I ili 1,111(jli�jjg (I e
<br />accollills.
<br />-si
<br />It i.s further agrecd that ill Case ;wl - v 'suit il] he"'un �(`) folt,close this ino tgail(� th4�� %Mortji:igee. its representali'ves or as gns,
<br />"hall at olick, Ill. entitled to the possession Of stli(��prelllises, and upon apPlIC ltioll lllel�efor, it � court Ili wliicli� such action sliall
<br />be.brolight Or ally judge Of SUCh Court. either in terin tillie or vacation, i.�; 110re
<br />V illltllf)l�ized- to appoint I receiver. to take posses -
<br />Sion Of sllid Prelllii;(2.1i, Or to Colled tilt- rents therefr(IIIII, and to do and perforn SLICII�l Otl;f�r �1('tS I,
<br />s may be required by file. order
<br />-t making the Ipp7)intInent; and said Molt—i-or herelm In
<br />of,the coul Nvaivc's ioticel Of sucli application, and colv;vnts to the ap-
<br />P"iotIn('JIt Of 'I I'eCCiV(.'r LJI)OJI ill(' 1711-OdUCti011 of this r�norhmge, without other ey i lence,
<br />it is exprossly agreed and understood that the Mort-a"or "d
<br />1.111 proceed �;,'i ]I th,� colkl-Arocti In of I boildiw,'o said premises
<br />n
<br />.vasollable dispatch. an(i due diligence and shall pay for ally and ; lit e x t or I I I od i fi 'ations thaf, h(a lilav make in said
<br />with at[ I I
<br />building, direct. to ill(' to Ill' disbur�ied, Itogether v"ith tilt- Illolle * v 1 1� alle(II �or ;'�dvlince I bY s;6d Alorfgagce in connection
<br />tlli�. loall. And it I.; furth(.1- ;:�_,reed '111d IIII(ICIStood th;lf if the consti-tic ioll Of S.11'�d hitilc ing, be, at �inv time. discontinued
<br />Or not carried oil \,,-itli roasonabl(: dispatch ill the jll�l�,,ro(.nt of flit, Mort!,'af"01"! h(. NIoriLt-oo o :iriv holder 'of hw.s:lid llole and
<br />Mortgage Illay plIrChas(. materials zind wor)allell to prolect said build �Ig, S:C� th;'11 file s2ole slMll not sUffer from depreda-
<br />fion or the weather, or to colliplete said buildill!". ��o 'I'llat if InaY Ili- uscd for ti'i, jjiirpo:�ei lot. wl ich it is dusilw�d� under fit(! said
<br />rAillis ,lit, i),cification,; that all Hw sulm�4 so paid, or expelided, 'hall bo d,! -C lle&,� fo h'l. advZol to fill. Mortlmgor, and secur . e (I
<br />bv Hot- sail! noto and Illortgagle �111(1 rolav bl' applied I �tf ill(' Option of Ow snid� 10 1. 1
<br />oi- "1113 holder of said flot", and roortgmm,
<br />I(', ziny advarice.,4 fliervalter hf�c011lijlg (Itle . But in 110](,voilt shall I It(. Mortl'agco i)(. li;lhio�jn all". way to coniplete'said buildilw, or
<br />to Jim, for lllt� costs of Construction heyond if it, I( lvallcus of lilt- ilmounis (1611) .viteij !,for siiid Ili po�le., or lolilled'hy the Morlgagee
<br />for fit(! cOnstruction of thi� building. And it I., furthel- expre,,1v �oi(j jjj�ld �rstooii if ill � Mork"'u,'or fail to collIPIC �t It
<br />S:lio bilildill', in ICCOrd�111CO With tilt! Ill I lit, prints told �sp_wifieatioil' 'filCillin Oil v.-ith tlli�; loah ot- simll negled,
<br />fail or r(-fu�0 Ili pay �for tho, costs and expi-fl�"-s in c(�llnvcfioll therewith, or S1011 fail, ill :16v I'lhe - of tho covellant'S Ilerein set forth,
<br />thell, at thv option of' ill(- Morti'll.g.t.o. or of t1w llold"-r of 1110 110tO ;Ind lllor(g;ji�( ll(.r ill 1.(�h I, r rt, of 0. t1w Mortg�!l
<br />ge, nr!v declart- said
<br />loall it) ho in default, and ill(. olifire nilloulif loalled sll;ill ininiediately lwconit- e�li t , ;111(� ;I A the p'ropertv �heroin r(4f,ri-od to
<br />S11:111 be socllrilv for all Of ill(. advallcv.� mid experlsed illcul-lod alid ln;ide bY it- I (. Mort��;U,,(!" ill connection with thi". j)rovision.
<br />Without, limiting, Ilw %el'Wralik, I w fon-J,ill- 11w Mortl twl:lro t1lid defaillt I)zl.-; 1wen rnii(le
<br />shall ;11
<br />Ili(- t-iii;ro hidvbtf�dne�, hor(,tiocier t,o hot I due aw" pay;lble 'It 01100 IlPoll 01,1- Of ,in - )Ili. Of the fol�owing- conditiolls:
<br />Tht, -i"'ailist i1w propur�v cLiiolod to Iw :1) ior to lhl� fir:: I iorl;�,ig(- or silbji,ef, tileri-to:
<br />(b) The entry of Ili judgment, again -A, ill(, Mort!�Ilgor:
<br />(C) Tll�. failure to corillAY strictlY xith zoll ng regolilliorls. ill(- provi'lil 11.1; Of� fill vitv 1) ildill!� code, (in ;if"any stop Order
<br />is issm-d bY public aut liol-if i(
<br />(d) Ally misst:ltellivilt in lilt, ](1:111 application:
<br />e) Am inaterial chang o ill tho pl: olls not Cir�f api
<br />Y and spocificliti Y )Vp( Ii ri t; it-, Rv tilt, MOrtl".Igoe:
<br />f) If %,.,orl,-. he delaved or sus pendt,��"for ;I period of Ihiriv :10) &1 %1,; �%",i I
<br />i4:lclory to Ov, Mori! or
<br />should tilt- Morlagor foil to caust, �vork to 1w
<br />If tilt' %Iori;"llgee d(�(.Jaros ill(' lolin to he ilild"faillt wilder. "111V 1) Is C _t!�,;117ee shall Iv- mider
<br />ro%*I�'I( f tilil rill' Illo� o\!OI
<br />lilt ohli:,Ialion if) advanct- any further rnomtvs hereunhor vither for pavim-111 of!�. Or P�1.1 fdrnll�.(i a ill Illaterials ;lfread furnisiwd, or
<br />v
<br />fllo�,. to b" furilished kiter hv 01J� Alorl""ag,01'.
<br />It is undvi-slood ind Hilo ill C, lorJ to orec't 'I building oil
<br />.:agor will It-(, ;ill advalw(i�l M;I(
<br />or.
<br />said prenii-
<br />ses ill .1crol-dalIC0 %Vith 1111� :111(l ;"eneral ;1�"rovlll,Ill S fi, I ill rOIll, fhorevl�ith, and heretofore,
<br />approved by Hie
<br />11, is understood alld llf"roed that lill 11111fe! i�lls dt.livt.rod 11poll �;Iid 11) 1 1 p I fo r tht, lit rl)(;,(, of
<br />building sliall It,, collsiden�d it pari. of the boildill"'.
<br />Mort,,,aguo ;Igrvo.; I(, rnak(- advances under this loan for the comArtic ion 4:0d from lime Jo fillie :is ;Igrved
<br />b,-tv:v(,n the li(�reto.
<br />AND IT IS EXPRESSLY AGREEl) \ND TINDFIRSTOOD that s;lid advilnct,�; Avill 1), p:oid Oil]\ "'.11611 ill ill(' jud""ment,
<br />of tjlf. Morlg'ageo all v.,orI: lismill", dolle at HIO <t 1,1 mico is' imtdi- j �avfible s1will been done in a
<br />_ lige con,�tructio I I when tho., 1%, !
<br />-ood mid workniniflike ni:iroicr, :old all livite allil fixtur".5; 11"liall". flirilish't" iji�lllcd : f that tirot, sh:111 have beon fur -
<br />g I ;
<br />iliiill(�d and hot ille Morl,;�Ill,,Itl MaY advalld�� p�irk, or tilt' �N*Ilole, of ��ll - he ore fill'%' lwcolllo, (]it(!, if the Mort-
<br />jm,et, shlill lwli.,.vv it, to (10 so, and all sud'i or pzlylllellts 11 dl.k.�de(inwd to have been Ill"In . I� : ill pur,�;Ilallce of
<br />this agreemerif, liothill"'. however, ill tills slmll ho construed its I (lok-rinio'ltioil I. tilt, (itrilit , v (�of 'tho worlic, labor
<br />als lol
<br />or inateri, furnished b.% t he !%I -tgagor Or rontraclor ;uid f1w Mortl,ng s1mill b�.! llo dllt.� or ohligil'tion to rnake,
<br />such d(lerillination.
<br />'I'llo Mortgaget., shall he t�ubrogatell to .111 of 'fill' rights. I)NOilli ies, n'lld ic" (;I ally liellhol(l,er, Nvllo,(, lien Illay
<br />I'lave huell diso�llarged from III(. procel,ds of this lo:111 I." MIN, fundt' Paid I Or fllrni�illf d I)\
<br />bY 'Mo.itgn-eo.
<br />w
<br />IT IS EXPRESSLY AGREEM timt if ill(-, Mfortgagor shall Fell, cowyf v or aliennfe ;it d property, or� any part, thereof,
<br />all bo divested of his lifle or any interest thereiri in �lnv inariner or way, whether voluntarik, o
<br />or ariv interest therein, or sli, r
<br />involuntarilv, without,writfell consent of the Xfortgm,,ev beill" first had :Ili(] oJif; ined.
<br />INIo'l-ti,,ageo sImll hiIVC ill(, right., at its op'tion,
<br />are any indebtedne.,;L; or obligations sevifro(i hitn-b.v, Irrespective of the;l- I I X 0 1
<br />r v dite sip cified Ili ',lit\- n to evidencing, th�
<br />to decl. ati; ii., C
<br />saille, imilledi, . Clue and paya)fle without notice, �itnd said debt shall theret�p )n i0o�0111�1 'ihsolt it,. If the ownership of the mort-
<br />gaged property becomes vvsted in a person other thim the 1� Tort gagor, the AlTo Inav, Nvitl out notive to the Mortgagor, deal
<br />Nvith such successor or SLlCC('SSOrS!7 in intON'St With ref . erence to this njortgagO ;lL ! 11 1 , tii�&-)W hereh., ,erured zv; with file- Mortgagor,
<br />and mav forbear to sue. or may t' ! e( I
<br />!Xtelld fillio for the 11mvi-nent of the debt hereb .Lirt"fl w
<br />I , 1� I , 1 ithout (Am-lilirging or h I 'Iliv wavaffecting
<br />the liabilitY of the original I'vlortgagor hereunder or i1pon the debt secured.
<br />.1111lent
<br />In this instl the 'sinzular includel; t1lie plural and tile Illasculi.11 iilclllde-.�' ill(! fel linille and the and this ill-
<br />stillillelit, Shall he I)ilidill", upoll the It Ildersig lied, his heirs. personlil representati es, ;I ccw,�ors :11 d
<br />IN WITNESS NVI-lP,RE0F, we have hereuilto our liands ai 1 ill(- Ai�- 'and ve; r first above Nv'rittftll..
<br />Ili ill(! presence o'
<br />f:
<br />... ......... ................
<br />-er
<br />Jqll�n ea e S
<br />.. A .......
<br />............. .......
<br />z .... ... . .. . . .................................
<br />Mary rm Web�ter
<br />U11
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