Preview
Hearing Date: 8/20/2024 3:00 PM
Location: Court Room 2810
Judge: Pedersen, Chloe
FILED
6/21/2024 12:00 PM
IN THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS IRIS Y. MARTINEZ
CIRCUIT CLERK
COUNTY DEPARTMENT - CHANCERY DIVISION COOK COUNTY, IL
2024CH05843
PENNYMAC LOAN SERVICES, LLC, Calendar, 63
PLAINTIFF, 28211001
9 2024CH05843
VS.
3900 NORTH PINE GROVE AVENUE
WILLIAM ALLEN TAYLOR, JR A/K/A
UNIT 614
WILLIAM A TAYLOR, JR; THE
CHICAGO, IL 60613
CORONADO CONDOMINIUM
CALENDAR
ASSOCIATION; UNKNOWN OWNERS
AND NON-RECORD CLAIMANTS,
DEFENDANTS.
COMPLAINT TO FORECLOSE MORTGAGE
For its Complaint Plaintiff says:
1 Plaintiff, PENNYMAC LOAN SERVICES, LLC, files this Complaint to foreclose the
mortgage, trust deed or other conveyance in the nature of a mortgage (“Mortgage”)
hereinafter described, pursuant to 735 ILCS 5/15-1101 et. seq. of the Hlinois Code of
Civil Procedure, and joins the persons named in the caption as Defendants:
William Allen Taylor, Jr A/K/A William A Taylor, Jr
The Coronado Condominium Association
Unknown Owners and Non-Record Claimants
Attached as "Exhibit A" is a true copy of the Mortgage which has been modified to redact
certain Non-Public Personal Information (“PI”) from the exhibit. Attached as “Exhibit B"
is a true copy of the Note secured thereby which has been modified to redact certain PI
from the exhibit. Atached as “Exhibit C” is a true copy of the Assignment(s) which has
been modified to redact certain PI from the exhibit.
3. Information concerning said Mortgage:
(a) Nature of the instrument: Mortgage.
({b) Date of the Mortgage: May 26, 2022
(c) Name of the mortgagors or grantors: William Allen Taylor, Jr a/k/a William A
Taylor, Jr
(d) Name of the mortgagee, trustee or grantee in the Mortgage: Mortgage Electronic
Registration Systems, Inc. as nominee for United Home Loans, Inc
(c) Date of Recording or Registering: July 8, 2022
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(£) Place of Recording or Registering: Cook County
(g) Identification of Recording: Document No. 2218939208
(h) Interest Subject to the mortgage: Fee Simple
(i) Amount of Original Indebtedness: $261.250.00
(j) Plaintiff is the holder of the indebtedness secured by the mortgage being
foreclosed herein, and has the right to foreclose the mortgage.
(k) Legal description of mortgaged premises:
UNITS NO. 614 AND PARKING NO. P-3 TOGETHER WITH ITS
UNDIVIDED PERCENTAGE INTEREST IN THE COMMON ELEMENTS
IN THE CORONADO CONDOMINIUM AS DELINEATED AND DEFINED
IN THE DECLARATION RECORDED AS DOCUMENT NO, 0512418036,
AS AMENDED FROM TIME TO TIME, IN THE NORTHWEST
FRACTIONAL QUARTER OF SECTION 21, TOWNSHIP 40 NORTH,
RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK
COUNTY, ILLINOIS.
COMMONLY KNOWN AS:
3900 North Pine Grove Avenue Unit 614
Chicago, IL 60613
Tax ID# 14-21-100-021-1063; 14-21-100-021-1105
(l) After all payments received bave been applied, morigayors are now in default for
the monthly payments of principal and interest; and taxes, advances and
insurance, if any, for January 1, 2024 through the present; the principal and
balance duc on the note and mortgage is $253,097.97, plus interest, costs and fees,
and advances if any, made by the plaintiff. Interest accrues pursuant to the terms
of the note. The current per diem is $32.07.
(m) Name of present owners of said premises: William Allen Taylor, Jr a/k/a
William A Taylor, Jr
(n) Names of persons in addition to said owners, but excluding any non-record
claimants as defined in the Illinois Mortgage Foreclosure Act who are joined as
Defendants and whose interest in, or lien on, the mortgaged real estate is sought to
be terminated:
Page 2 of 29
The Coronado Condominium Association, may have some interest in the subject
real estate by virtue of unpaid assessments or other charges as disclosed by
Declaration recorded May 4, 2005 in Cook County, Illinois as 0512418036. The
interest of the defendant is inferior to that of the Plaintiff.
(o) Names of persons claimed to be personally liable for deficiency unless personal
liability is discharged in a Bankruptcy proceeding, or otherwise released:
William Allen Taylor, Jr a/k/a William A Taylor, Jr
(p) Plaintiff seeks to include in the Judgment the Plaintiff's attorneys’ fees, costs and
expenses.
4. Plaintiff alleges that in addition to persons designated by name herein and the Unknown
Defendants referred to above, there are other persons, and/or non-record claimants who
are interested in this action and who have or claim some right, title, interest or lien in, to
or upon the real estate, or some part thereof, in this Complaint described, including but
not limited to the following Unknown Owners and Non-Record Claimants.
That the name of each of such persons is unknown to the Plaintiff and on diligent inquiry
cannot be ascertained, and all such persons are therefore made party defendants to this
action by the name and description of UNKNOWN OWNERS and NON-RECORD
CLAIMANTS.
That should a deficiency result from the foreclosure sale of the subject property, Plaintiff
may seek an In Personam or an In Rem deficiency judgment unless the defendant(s)
which are liable on the subject mortgage note have had personal liability on said note
discharged in a Bankruptcy proceeding or if said liability has been otherwise discharged
or released.
That should the subject property be vacant, the Plaintiff may seek to have the Court find
that the property is abandoned pursuant to 735 ILCS 5/15-1603, Illinois Code of Civil
Procedure.
That the Plaintiff may seek appointment of Mortgagee in Possession or appointment of
receiver.
WHEREFORE, PLAINTIFF PENNYMAC LOAN SERVICES, LLC REQUESTS:
1 A Judgment of Foreclosure and Sale.
2 A Judgment for attorney's fees, costs and expenses.
3 An Order Approving the Foreclosure Sale and an Order granting possession.
Page 3 of 29
An In Personam or an In Rem Deficiency Judgment, if sought, unless
defendant(s) have had personal liability on the subject mortgage note
discharged in a Bankruptcy proceeding, or otherwise released.
An order granting a shortened redemption period, if sought.
Appointment of Mortgagee in Possession or Receiver, if sought.
Such other and further relief as the Court deems just.
PENNYMAC LOAN SERVICES, LLC
By: 4/ Rachel Carmickle - ARDC# 6326671
Electronically signed on 6/20/2024
McCalla Raymer Leibert Pierce, LLC
Firm ID: 61256
Attorney for Plaintiff
LN. Dearborn St. Suite 1200
Chicago, IL 60602
Ph. (312) 346-9088
File No. 24-185601L-1077792
Email: pleadin: us@imecalla.com
Electronic mail (e-mail) notice may be sent to McCalla Raymer Leibert Pierce, LLC at
pleadings@mecalla.com.
THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION
OBTAINED WILL BE USED FOR THAT PURPOSE. PLEASE BE ADVISED THAT IF
YOUR PERSONAL LIABILITY FOR THIS DEBT HAS BEEN EXTINGUISHED BY A
DISCHARGE IN BANKRUPTCY OR BY AN ORDER GRANTING IN REM RELIEF
FROM STAY, THES NOTICE [S PROVIDED SOLELY ‘TO FORECLOSE THE
MORTGAGE REMAINING ON YOUR PROPERTY AND IS NOT AN ATTEMPT TO
COLLECT THE DISCHARGED PERSONAL OBLIGATION.
Page 4 of 29
Exhibit A
Page 5 of 29
[ilinois Anti-Predatory
Dox. 2218830206 Fee: $98.00.
Lending Database Raven A Yarbrough
Program Cook County Chere
Bate: OPNBIROD2 IOBE AM Fg: 1 of 1B
Certificate of Exemption
te
oe
&
Report Mortgage Fraud
844-768-1713
The property identified as: PIN: 14°24-100-021-1 105
ddress:
Street: 3800 N FINE GROVE AVE UNIT 614
treet line 2:
City: CHICAGO State: iL ZIP Code: &0613
MLender, UNITED HOME LOANS, INC,
Borrower; WILLIAM ALLEN TAYLOR JR
oan / Mortgage Amount: $261,250.00
’ This property is located within the program area and the transaction is exernpt trom the requirements of 765 (LCS 77/70
ef seq. because the application was taken by an exempt entity or person.
Cortes: Execution date: 5/26/2022
Page 6 of 29
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»
When recorded, retum tot
United Home Loans, inc.
Attn: Post Closin,
4 Westbrook Corporate Gtr, Ste 650
Westchester, IL 60154
This instrument was prepared by:
EVA ABURTO.
United Home Loans, Inc,
4Wlesthrook Corporate Center, Suite 650
Westcheter, IL 60154
866-419-2786
Tithe Order
Escrow No,
LOAN #3
= [Space Above This Line For Keconting Dalal .
MORTGAGE
DEFINITIONS
Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13,
18, 20 and 21. Certain rules regarding the usage of words used in this document are aise provided in Section 16.
{A) “Security instrument” means this document, which is daied May 26, 2022, together with all
Riders to this document.
{B) “Borrower" is WILLIAM ALLEN TAYLOR JR, SINGLE MAN,
Borrower is the mortgagor under this Security Instrument.
& {C} “MERS” is Mortgage Electronic Registration Systems. Inc. MERS is a seperate corporation that is acting solely as
= @ nominee for Lender and Lender's successors and assigns. MERS is the mortgages under this Security Instrurnent.
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LOAN
MERS Is organized and existing under the lawsof Delaware, and has an address and telephone number of LO, Box
2028. Flint, ME 48301-2026, tel. (898) 679-MERS.
{DB} “Lender” is United Home Loans, Inc.
Lender is an Ilinois Corporation, ized and existing under the laws of
Hinks. Lender's address is 4 Westbrook Corporate Ctr, Ste
950, Westchester, IL 60154
{Ej “Mote” means the promissory note signed by Borrower and dated May 26, 2022. The Note
states that Borrower owes Lender TWO HUNDRED SIXTY ONE THOUSAND TWO HUNDRED FIFTY AND NO/1090° *
AEE N ERE ER ERR ET SWEETER REY ORR RTERER ESET ORRERHER ERNE Polince (LS. $264,250.00
plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full nof later>
than June 1, 2052,
(F} “Property” means the property that is desorited below under the heading “Transfer of Rights in the Property.”
{G} “Loan” means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under
the Note, and all sums due under this Security instrument, plus interest.
{H) “Riders” means all Riders to this Security instrument that are executed by Borrower. The following Riders are to be.
exequted by Borrower [check box as applicable]:
i Adjustable Rate Rider <) Condominium Rider [| Second Home Rider
e (2 Balloon Rider Planned Unit Development Rider (4 Other{s) [specify]
(2 1-4 Family Rider Cl Biweekly Payment Rider Fixed interest Rate Rider
CEVA. Rider
() “Applicable Law" means all controling applicable federal, state and local statutes, regudations, ordinances and
administrative rules and orders (that have the effect of law} as well as all applicable final, nOn-appealable judicial
opinions.
{d) “Gommuntty Association Dues, Fees, and Assesamenis” means all dues, fees, assessments and other charges
that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
organization.
{K} “Electronic Funds Transfer” means any transfer of funds, other than a transaction originated by check, draft, or
similar paper instrument, which is initiated through an electronic terminal, telophonia instrument, computer, or magnetic:
tape so as to order, instruct, ar authorize a financial institution to debit or credit an account. Such term includes, but is
not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
ansfers, and automated clearinghouse transfers.
{L) “Escrow ftems” means those items that are described in Section 3.
{) “Miscellaneous Proceeds” means eny compensation, settlement, award of damages, or proceeds paid by any
third party (other than insurance proceeds paid under the coverages described in Section 5} for: (3) damage to, ar
destruction of, the Property: (i) condemnation or ather taking of all or any part of the Property; (iii) conveyance in feu
of condemnation; or {iv} misrepresentations of, or omissions as to, the value andfer condition of the Property.
(N} “Mortgage insurance” means insurance protecting Lender against the nonpayment of, or dafeut on, the Loan.
{0} “Periodic Payment” means the regularly scheduled amount due for ()} principal and interest under the Note, pius:
(i) any amounis under Section 3 of this Security Instrument.
(P} “RESPA” means the Real Estate Settiement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
requiation, Regulation X (12 C.F.R, Part 1024), as they might be amended from time to time, or any additional or
Suécessor legistation or regulation thal gavems the same subject matter, As used in this Security instrument, “RESPAT
refers to all requirements and restrictions thai are imposed in regard to a “federally related mortqage loan” even if the
Loan does not quatify as a “federally related morigage loan" under RESPA,
{Q} “Successor in interest of Borrower" means any party that has taken title to the Property, whether or not that party
has assumed Borrower's obligations under the Note and/or this Security Insttument.
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TRANSFER OF RIGHTS IN THE PROPERTY
ons ATTA
This Security Instrument secures to andar {)) the rapayment of the | aan, and all renewals, extensions and madifications
of the Note; and {i} the performance of Borrower's covenants and agreements under this Security instrument and the
Note. Fer this purpase, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and
Lender's successars and assigns) and to the successors and assigns of MERS, the following described property located
in the County [Typeef Revording Jurisdiction} oF COOK
Name of Recording Jurisdiction}:
f
SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS “EXHIBIT A",
APN #: 14-24-100-021-1105.
APN # 44-21-100-021-1063
‘,
which currently has the address of 3900 N PINE GROVE AVE Unit 614, CHICAGO,
[Sieeat) (iy)
iinois 60613 (Property Address"): .
ie Cova]
TOGETHER WITH ail the improvements now or hereafter erecterl on the properly, and ali easements, appurtenances,
and fixtures now or hereafter @ part of the property. Al replacements and additions shall also be covered by this Security
instrument. All of the foregoing is referred to in this Security Instrument as the “Property.” Borrower understands and
agreas that MERS hotds only fegal title to the interests granted by Borrower
in this Security instrument, but, if necessary
fo comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to
exercise arly or all of thase interests, including, but nol fimited fo, the right to foreclose and sel! the Property; and to take
any action required of Lender including, but nat limited to, releasing and canceling this Security Instrument.
BORROWER COVENANTS thal Borrower is lawfully seised of the estate hereby conveyed and has the fight te
marigage, grant end convey the Property and that the Property is unencumbered, except fer encumbrances of record.
Borrower warrants and will defend generally the tite to the Property against af claims and demands, ‘Subject to any
encumbrances of record.
THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
limited variations by jurisdiction to constitute a uniform securily instrument covering real property.
UNIFORM COVENANTS. Borrower and Lender covenant and agree. as follows:
4. Payment of Principal, Interest, Escrow items, Prepayment Charges, and Late Charges. Borrower shall pay
when due the principal of, and interest an, the dubl evidenced uy the Note and any prepayment charges and late ciarges
due under the Note. Borrower shall also pay funds far Escrow Hems pursuantto Section 3, Payments due under the
Note and this Security Instrument shall ba made in U.S. currenay. However, if any check or ather instrument received
by Lender as payment under the Note or this Security Instrument is retumed to Lender unpaid, Lender may require that,
any or ali subsequent payments due under the Nota and this Secutity Inatument be made in one
or more of the following
forms, as selected by Lender: {a} cash; (b) money order; (c} certified check, bank check, treasurer’s check or cashiers
check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
instrumentality, or entity; of (d) Electronic Funds Transfer.
Payrmenis are deemad received by Lender when received at the ‘ocation designated in the Nate or at such other
location as may be designated by Lender in accordance with the notice provisions in Section 18. Lender may return any
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LOAN
payment or partial payment if the payment or partial payrrents are insufficient to bring the Loan utrent. Lender may
accept any payment or partial payment insufficient to Bring the Loan current, without waiver of any rights hereunder or
prejudice to ts rights to refuse such psymentor partial payments in the future, but Lender is not obligated te apply such
payments at the time such peyments are accepted. If each Periodic Payment is applied as of its scheduled due date.
then Lender need not pay interest on unappiied funds. Lender may nold such unapplied funds unt! Borrower makes
payment fo bring the Loan current, if Borrower does not do so within a reasonable period of time, Lender shal either
apply Such funds or retim them te Borrower. if not applied earier, such funds will be applied to the outstanding principat
balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the
huiure against Lender shall relieve Gorrower from making payments due under ine Note and this Seourily Instrument
or performing the covenants and agreements secured by this Seourlty Instrument.
2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, aff payments accepted
and applied by Lender shail be applied in the foftowing onder of priority: {a) interest due under the Note; {b) principat
due under the Note; {ec} amounts due under Section 3. Such payments shall ba applied to each Periodic Payment in the
order in which it became due. Any remaining amounts shail be applied first to late charges, second to any other amounts
due under this Security Instrumend. and then to reduve the principal batance of the Note.
If Lender receives @ payment from Borrower for a delinquent Periodic Payment which inclides a sufficient amount
t@ pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than
one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the
Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after
the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late
charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.
Any applization of payments, insurance proceeds, or Misvellaneous Proceeds te principal due under the Note shalt
not extend or postpone the due date, or change the amounit, of the Periedic Payments.
3. Funds fer Escrow Kkems, Borrower shall pay to. Lenderon the day Periodic Payments are due under the Note,
# untit the Note is paid in full, a sur (the “Funds") to provide fer payment of armaunts due for: (a) taxes and assessments
and other items which can attain priority ever this Security Instrument as a tien ar anrumbrance on the Property; (b}
feasehold payments or ground renis on the Property, if any; {c) premiums for any and alf insurance required by Lender
under Section 5, and (a) Mortgage Insurance premiums, if any, of any sums payable by Borrower to Lender in fey of
the payment of Mortgage insurance premiums in accordance with the provisions of Section 10. These items are calied
“Escrow ttems.”At origination or at any time during the term of the Loan, Lender may require that Community Association
Oues, Fees, and Assessments, it any, be escrowed by Borrower, and such dues, fees and asgessmants shall be an
Escrow Item. Gorrower shail promptly furnish to Lender all notices of amounts te be paid under this Section. Borrower
shalt pay Lender the Funds for Escrow items uniess Lender waives Boruwer's obligation tu pay the Funds for any or
ail Escrow items. Lender may waive Borrower's obligation to payta Lender Funds fer any or ali Escrow items at any time.
Any stich waiver may only be in writing, In the evant af euch waiver, Borrower shall pay directly, when and where payable,
the amounts due for any Escrow items for which payment of Funds has been waived by Lender and, if Lender requires,
shall fumish to Lender receipts evidencing such payment within such time period as | ender may require. Rorrower’s
obligation to make such payments and to provide receipts shall for ail purposes be deemed to be a covenant and
agreement contained in this Security instrument, as the phrase "covenant and agreement’ is used in Section @. if
Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower falls to pay the amount due for
an Escrow item, Lender may exercise is righis under Section 9 and pay such amount and Borrower shat! then be
obligated under Section $ to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
tems at any time by 2 notice given in accordance with Section 15 and, upon such revocation, Borrower shal! pay to
Lender aif Funds, and in such amounts, that are then required under this Section 3.
Lender may, al any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at
the time specified under RESPA, and (b) not to excesd the maximutt amount a lender can require under RESPA. Lender
we
shall estimate the amount of Funds due on the basis of current date and reasonable estimates of expenditures of future
Escrow ttems or otherwise in accordance with Applicable Law.
‘The Funds shell be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
{including Lender, if Lender is an institution whose deposits are so insured) ar in any Federal Home Loan Bank. Lender
shall apply the Funds to pay the Escrow Hems no jater than the time specified under RESPA. Lender shail not charge
Borrower for holding and appiying the Funds, annually analyzing the escrow account, or verifying the Escrow tema,
unless Lender pays Borrower interest on the Funds and Applicable Law permits Lenderto make auch a charge, Uniess
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an agreement is made in writing or Applicable Law requires interestto be paid on the Funds, Lender shall not be required.
fo pay Borrower any Inierast of earnings on the Funds. Borrower anit Lender can agra in waiting, however, that interest
shailbe paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required
by RESPA.
if there is @ surplus of Funds helt in escrow, as defined ander RESPA, Lender shall account to Borrower for the
exoess funds in accordance
with RESPA, If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
shail natify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficlency of Funds paid
In escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay i
Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly
payments.
Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund te Borrower any
Funds held by Lender.
4. Charges; Liens. Borrower shalt pay all taxes, assessments, charges, fines, and impositions attributable to the
E
Property which can attain priority over this Security instrument, eesenold payments ar ground canis an the Property,
ifany, and Community Association Ques, Fees, and Aseessments, if any. To the extent that these items are Escrow items,
Borrower shall pay thern in the manner provided in Section 3.
Borrower shail promptly discharge any tien which has priority over this Security Instrument unless Borrower: (3)
agrees in writing to the payment of the obligation secured by the fien In a manner acceptable to Lender, but only so long
as flarrower iS performing such agreement; (6) contests the fen in goed faith by, or defends against enforcement of the
fen in, legal proceedings which in Lender’s opinion operate to prevent the enforcement of the lien while those
are pending, but only until such proueedings are cancluded: or (¢) secures from the holder of the tien an
agreement satisfactory to Lander subordinating the tien ta this Seourily instrament. ff Lender determines that any part
of the Property is subject to a tien which can attain priority ovar this Security inatrument, Londer may give Borrower a
notice identifying the lien. Within 10 days of the date on which thal notice Is given, Borrower shail satisfy the fien or take
‘one of more of the actions set forth: above In this Section 4.
Lender may require Borrower ta pay 2 one-lime charge for a real estate tax verification and/or reporting service used
by Lender in connection with this Loan.
5. Property Insurance. Borrower shail keep the improvements now existing or hereafter erected on the Property
insured against loss by fire, hazards included within the term “extended coverage,” and any other hazards iniuding,
but not limited to, aarthquakes and Hoods, for which Lender requires insurance. This insurance shall be maintained in
the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to
the preceding sentences can change during the tern of the Loan, The insurance cartier providing the insurance shalt
be chosen by Borrower subject to Lender's right te disapprove Borrower's choice, which right shall not be exercised
unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (9) @ one-time charge for flood
zone determination, certification and tracking services; of (b) a one-time charge for flood zone determination and
certification services and subsequent charges each time remappings or similar changes occur which reasonably might
affect such determination or certification. Borrower shail also be responsible for the payment of any fees impased by
the Federsi Emergency Management Agency in connection with the review of any flood zone defermination resulting
from an abjection by :
if Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
Lender's option and Borrower's expense. Lender is under no obligation to purchase any partioular type ar amount of
coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in
the Property, or the cunlents uf ihe Property, againsl any risk, Nazard or Hlabllily and might provide greater or tesser
coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained
might significantly exceed the cost of insurarias that Borrower sould have obtained. Any amounts disbursed by Lender
under this Section § shalf become additional debtof Borrower secured by this Seourity Instrument, These amounts shall
bear interest at the Note rate from the date of disbursement and shalt be payable, wilh such interest, upon natice from
Lender to Borrower requesting payment,
Ail insurance policies required by Lender and renewals of such policies shail be subject to Lender's right to
disapprove such policies, shalt include a standard mortgage clause, and shall name Lender as mortgagee and/or as
an additional loss payes. Lender shall have the right to hoid the policies end renewal certificates. If Lender requires,
Borrower shal! promptly give to Lender all receipts of paid premiums and renewal notices, if Borrower obtains any form
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of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall
Inchide a standard mestgage clause and shall name Lender as mortgages and/or ag an additional ioss payee.
in the event of loss, Borrower shail give prampt notice to the Insurance carrier and Lender, Lender may make proof
of loss if not made promptly by Borrower. Uniess Lender and Borrower otherwise agree in writing, any insurance:
proceeds, whether or not the underlying insurance was required by Lander, shall be applied to restoration or repair of
the Properly, if the restoration or repairis economically feasible and Lender's security is not lessened, During such repair
ang restoration period, Lender shail have the rightfo hold such insurance proceeds until Lender has had an opportunily
io inspect such Property to ensure the work has been completed to Lender's satistaction, provided that such inspection
shail be undertaken promptly, Lender may disburse proceeds for the repairs and restoration in 3 single payment or in
a series of progress payments as the work is completed. Unless an agreement is made in writing of Appileable Law
requires interest to be paid on such insurance proceeds, Lender shalt not be required to pey Bustower any interest or
earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shail notbe paid out
of the insurance proceeds and shall be the sola obligation of Borrower. {f the rasionatian or repair ia nat economically
feasibie or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this
Secusity Instrument. whether or not then dua, with the excess, if any, paid tm Rarowar Such insurance proceeds shail
be applied in the order provided for in Section 2.
if Borrower abandons the Property, Lender may file, negotiate and satte any availatie insurance claim and related
matters. f Borrower dees net respend within 30 days to a patice from Lender that the insurance carrier has offered to
settle a claitn, then Lender may negotiate and setile the claim. The 30-day period will begin when the notice is given.
in esther event, or if Lender acquires the Property under Section 22 or otherwise, Borrower heraby assigns to Lender
{a} Borrower's rights fo any insurance proceeds in an amount not to exceed the smounts unpaid under the Note or this
Security instrument, and (by ary other of Borrower's righis (other than the right to any refund of uneamed premiums
pald by Borrower} under ali insurance policies covering the Property, insofar as such rights are applicable to the
coverage of the Property. Lender may use the insurance prosecds githor to ropait or restare the Property or fo pay
amounts unpaid under the Note or this Security Instrument, whether or not then dug.
6. Occupancy. Borrower shali occupy, establish, and use the Property ag Borrewer’s principal residence within
60 days afer the execution of this Security instrument and shall continue to cocupy the Property as Betrower's principal
residence for af least one year after the date of occupancy, unless Lender otherwise agrees in writing, which cansent
shail nol be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's contral,
= 7. Preservation, Maintenance and Protection of the Property; Inspections, Borrower shail not destroy, damageor
& impair the Property, allow the Properly te deteriorate or commit waste on the Properly. Whether or not Borrower is residing
in the Property, Borrower shall maintain the Property in orderto prevent the Property from deteriorating or decreasing in value
due ic ils condition. Untyss it is determined pursuant to Section 6 that repair or restoration is not economically feasitie,
ef Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or
condemnation proceeds are paid in connection with damage. to, of the faking of, the Property, Borrower shell be responsible
for repairingor restoring
the Property only if Lender has released proceeds
for such purposes. Lender
may disburse proceeds.
for the repairs and restoration in a singla payment or in a senes of progress peymenis es the work ig completed. If the
insurance or condemnation proceeds are not sufficientto repair
or restore the Property, Borroweris not relieved of Borrower's
obligation for the coripietion of such repair ar restoration.
Lender or its agent may make reasonable entries upon and inspections of the Properly. if it has reasonable cause,
Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of
‘or prior to such an interior inspection specifying such reasonable cause,
8, Borrower's Loan Application. Borrower shall be in default i, during the Loan application process, Borrower
of any persons or entities auiing at the direction of @orrawer or with Borrower's knowledge or consent gave materially
faise, misieading, or inaccurate information or statements fo Lender (or falied to provide Lender with material information)
in. connaction with the Loan. Material representations include, but are not limiied to, representations conceming
Borrower's occupancy of the Proparty as Borrower's principal residence,
9. Protection
af Lender's intarast in the Property and Rights Under this Security Insteument. if (a) Borrowsr
fails to perform the covenants and agreements containedin this Security instrument, (b) there is 2 legal proceeding that
might significantly affect Lender's interest in the Property and/or rights under this Seourity Instrument (such as @
proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a Hen which may attain priority
over this Security Instrument or to enforce laws or regulations), or (c} Borrowerhas abandoned the Property, then Lender
may do and pay for whatever is reasonable er appropriate te protect Lender's interest in the Property and rights under
&
ALINOIS » Single Family. Fannie Maa/Freddie Mac UNIFORM INSTRUMENT Form S014 4204
ACE Morigage Technelogy: ine. Page
6 of 12 WEDEDL 0396.
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B2(8ASI20A Page: 8 of 1¢
LOAN.
this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing
tha Property. Lender's actions can include, but are not limited fa: {a) paying any sums secured by a lien which hes priority
aver this Security Instrument; b) appearing in court; and (c} paying reasonable attorneys’ fees to protect its interast ia
ihe Property and/or rights under this Security instrument, including its secured position in a bankruptcy proceeding.
Securing the Property includes, but is not limited to, entering the Property to make cepairs, change locks, replace or
board up dears and windows, drain water ftom pipes, eliminate building ar other code violations or dangerous:
sonditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does nat
have to de so and is not under any duty or obligation te do so. itis agreed that Lencier incurs no lability for not taking
any of ail actions authored under this Section 3,
Any amounts disbursed by Lender under this Section 9 shail become additional debt of Borrower secured by this
Security Instument. These amounts shall bear interest al dre Note rie fram ihe dete of disbursement and strait be
payable, with such interest, upon notice from Lander to Borrower requesting payment.
this Security instrumont ie on o lasohold, Bortawer shall comply with ali the provisions of the lease. Borrower ahall
nut surrender
the leasehold estate and interests herein conveyed or terminate ar canoe! the ground lease. Borrower shall
not, without the express written cansant of | ander, altar or amend the ground lease. If Rorewer acquires fee tile to the
Property, the leasehold and the fee tite shall nat merge unless Lender agrees to the merger in writing.
10. Mortgages insurance. if Lender required Mortgage insurance as a condition of making the Loan, Borrower shalt
pay the premiums required to maintain the Morigage insurance in effect. If, for any reason, the Mortgage Insurance:
coverage required by Lender ceases to be availiable from the moriyage insurer that previously provided such insurance
and Borrower was required to make separately designated payments toward tha premiums for Marigage insurance,
Borrower shall pay the premiums required to obtain coverage substantially equivalent te the Morigage insurance
previously in effect, at @ cost substantially equivalent to the cost to Borrower of the Morigage insurance previously in
effect, from an altemate mortgage insurer selected by Lender. if substantially equivalent Mortgage Insurance coverage
is net avaliable, Borrower shalt continue te pay fo Lender the amount of the seperately designated payments that were due
when the Insurance coverage ceasedto be in effect. Lender will accept, use and retain these payments as 2 non-refundable
ings reserve in lieu of Mortgage Instrance. Such loss reserve shall he non-refundable, natwithsianding the fact that the
Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earningson such loss
reserve. Lendey can no longer require joss reserve payments if Mortgage insurance coverage (in the amount and for
the period that Lender requires} provided by an insurer selected by Lender again becomes available, is obtained, and
Lender requires separately designated payments toward the premiums for Mortgage Insuranes. if Lender required
Mortgage insurance as a condifion of making the Loan and Borrewer was required fo make separately designeted
payments towerd the premiums for Mortgage insurance, Borrower shail pay the premiums required to maintain
Morlgage ingurance in effect, or to provide a non-refundable loss reserve, unt! Lender's requirement for Mortgage
Insurance ends in accordance with any written agreement between Borrower and Lender praviding for such termination
‘oF until temination i required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation te pay interest
at the raie provided in the Nate.
Mortgage insurance reimburses Leader (or any entity that purchases the Note) for certain losses It may incur if
Borrower does not repay the Loan as agreed. Borrower is nota party ic the Morigage Insurance.
Mortgage insurers evaluaie their total risk en all such insurance in force from time to time, and may enter into.
agreaments with other parties that share or modify their risk, or reduee tosses. These agreements are on tems and
conditions that are satisfactory to the mortgage insurer and the other party {or parties) to these agreements. These
agreements may require the morlgage insurer to make paymenis using any saurce of funds that the mortgage insurer
may have available {which may inckide funds obtained from Morlgage insurance premiums}.
AS a resutt of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or
any affiliate of any of the foregoing, may receive {directly or indirectly) amounts that derive from (or might be characterized
a3} 6 portion of Borrower's payments for Mortgage Insurance, in exchange fo
Preview
Hearing Date: 8/20/2024 3:00 PM Location: Court Room 2810 Judge: Pedersen, Chloe FILED 6/21/2024 12:00 PM IN THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS IRIS Y. MARTINEZ CIRCUIT CLERK COUNTY DEPARTMENT - CHANCERY DIVISION COOK COUNTY, IL 2024CH05843 PENNYMAC LOAN SERVICES, LLC, Calendar, 63 PLAINTIFF, 28211001 9 2024CH05843 VS. 3900 NORTH PINE GROVE AVENUE WILLIAM ALLEN TAYLOR, JR A/K/A UNIT 614 WILLIAM A TAYLOR, JR; THE CHICAGO, IL 60613 CORONADO CONDOMINIUM CALENDAR ASSOCIATION; UNKNOWN OWNERS AND NON-RECORD CLAIMANTS, DEFENDANTS. COMPLAINT TO FORECLOSE MORTGAGE For its Complaint Plaintiff says: 1 Plaintiff, PENNYMAC LOAN SERVICES, LLC, files this Complaint to foreclose the mortgage, trust deed or other conveyance in the nature of a mortgage (“Mortgage”) hereinafter described, pursuant to 735 ILCS 5/15-1101 et. seq. of the Hlinois Code of Civil Procedure, and joins the persons named in the caption as Defendants: William Allen Taylor, Jr A/K/A William A Taylor, Jr The Coronado Condominium Association Unknown Owners and Non-Record Claimants Attached as "Exhibit A" is a true copy of the Mortgage which has been modified to redact certain Non-Public Personal Information (“PI”) from the exhibit. Attached as “Exhibit B" is a true copy of the Note secured thereby which has been modified to redact certain PI from the exhibit. Atached as “Exhibit C” is a true copy of the Assignment(s) which has been modified to redact certain PI from the exhibit. 3. Information concerning said Mortgage: (a) Nature of the instrument: Mortgage. ({b) Date of the Mortgage: May 26, 2022 (c) Name of the mortgagors or grantors: William Allen Taylor, Jr a/k/a William A Taylor, Jr (d) Name of the mortgagee, trustee or grantee in the Mortgage: Mortgage Electronic Registration Systems, Inc. as nominee for United Home Loans, Inc (c) Date of Recording or Registering: July 8, 2022 Page | of 29 (£) Place of Recording or Registering: Cook County (g) Identification of Recording: Document No. 2218939208 (h) Interest Subject to the mortgage: Fee Simple (i) Amount of Original Indebtedness: $261.250.00 (j) Plaintiff is the holder of the indebtedness secured by the mortgage being foreclosed herein, and has the right to foreclose the mortgage. (k) Legal description of mortgaged premises: UNITS NO. 614 AND PARKING NO. P-3 TOGETHER WITH ITS UNDIVIDED PERCENTAGE INTEREST IN THE COMMON ELEMENTS IN THE CORONADO CONDOMINIUM AS DELINEATED AND DEFINED IN THE DECLARATION RECORDED AS DOCUMENT NO, 0512418036, AS AMENDED FROM TIME TO TIME, IN THE NORTHWEST FRACTIONAL QUARTER OF SECTION 21, TOWNSHIP 40 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. COMMONLY KNOWN AS: 3900 North Pine Grove Avenue Unit 614 Chicago, IL 60613 Tax ID# 14-21-100-021-1063; 14-21-100-021-1105 (l) After all payments received bave been applied, morigayors are now in default for the monthly payments of principal and interest; and taxes, advances and insurance, if any, for January 1, 2024 through the present; the principal and balance duc on the note and mortgage is $253,097.97, plus interest, costs and fees, and advances if any, made by the plaintiff. Interest accrues pursuant to the terms of the note. The current per diem is $32.07. (m) Name of present owners of said premises: William Allen Taylor, Jr a/k/a William A Taylor, Jr (n) Names of persons in addition to said owners, but excluding any non-record claimants as defined in the Illinois Mortgage Foreclosure Act who are joined as Defendants and whose interest in, or lien on, the mortgaged real estate is sought to be terminated: Page 2 of 29 The Coronado Condominium Association, may have some interest in the subject real estate by virtue of unpaid assessments or other charges as disclosed by Declaration recorded May 4, 2005 in Cook County, Illinois as 0512418036. The interest of the defendant is inferior to that of the Plaintiff. (o) Names of persons claimed to be personally liable for deficiency unless personal liability is discharged in a Bankruptcy proceeding, or otherwise released: William Allen Taylor, Jr a/k/a William A Taylor, Jr (p) Plaintiff seeks to include in the Judgment the Plaintiff's attorneys’ fees, costs and expenses. 4. Plaintiff alleges that in addition to persons designated by name herein and the Unknown Defendants referred to above, there are other persons, and/or non-record claimants who are interested in this action and who have or claim some right, title, interest or lien in, to or upon the real estate, or some part thereof, in this Complaint described, including but not limited to the following Unknown Owners and Non-Record Claimants. That the name of each of such persons is unknown to the Plaintiff and on diligent inquiry cannot be ascertained, and all such persons are therefore made party defendants to this action by the name and description of UNKNOWN OWNERS and NON-RECORD CLAIMANTS. That should a deficiency result from the foreclosure sale of the subject property, Plaintiff may seek an In Personam or an In Rem deficiency judgment unless the defendant(s) which are liable on the subject mortgage note have had personal liability on said note discharged in a Bankruptcy proceeding or if said liability has been otherwise discharged or released. That should the subject property be vacant, the Plaintiff may seek to have the Court find that the property is abandoned pursuant to 735 ILCS 5/15-1603, Illinois Code of Civil Procedure. That the Plaintiff may seek appointment of Mortgagee in Possession or appointment of receiver. WHEREFORE, PLAINTIFF PENNYMAC LOAN SERVICES, LLC REQUESTS: 1 A Judgment of Foreclosure and Sale. 2 A Judgment for attorney's fees, costs and expenses. 3 An Order Approving the Foreclosure Sale and an Order granting possession. Page 3 of 29 An In Personam or an In Rem Deficiency Judgment, if sought, unless defendant(s) have had personal liability on the subject mortgage note discharged in a Bankruptcy proceeding, or otherwise released. An order granting a shortened redemption period, if sought. Appointment of Mortgagee in Possession or Receiver, if sought. Such other and further relief as the Court deems just. PENNYMAC LOAN SERVICES, LLC By: 4/ Rachel Carmickle - ARDC# 6326671 Electronically signed on 6/20/2024 McCalla Raymer Leibert Pierce, LLC Firm ID: 61256 Attorney for Plaintiff LN. Dearborn St. Suite 1200 Chicago, IL 60602 Ph. (312) 346-9088 File No. 24-185601L-1077792 Email: pleadin: us@imecalla.com Electronic mail (e-mail) notice may be sent to McCalla Raymer Leibert Pierce, LLC at pleadings@mecalla.com. THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. PLEASE BE ADVISED THAT IF YOUR PERSONAL LIABILITY FOR THIS DEBT HAS BEEN EXTINGUISHED BY A DISCHARGE IN BANKRUPTCY OR BY AN ORDER GRANTING IN REM RELIEF FROM STAY, THES NOTICE [S PROVIDED SOLELY ‘TO FORECLOSE THE MORTGAGE REMAINING ON YOUR PROPERTY AND IS NOT AN ATTEMPT TO COLLECT THE DISCHARGED PERSONAL OBLIGATION. Page 4 of 29 Exhibit A Page 5 of 29 [ilinois Anti-Predatory Dox. 2218830206 Fee: $98.00. Lending Database Raven A Yarbrough Program Cook County Chere Bate: OPNBIROD2 IOBE AM Fg: 1 of 1B Certificate of Exemption te oe & Report Mortgage Fraud 844-768-1713 The property identified as: PIN: 14°24-100-021-1 105 ddress: Street: 3800 N FINE GROVE AVE UNIT 614 treet line 2: City: CHICAGO State: iL ZIP Code: &0613 MLender, UNITED HOME LOANS, INC, Borrower; WILLIAM ALLEN TAYLOR JR oan / Mortgage Amount: $261,250.00 ’ This property is located within the program area and the transaction is exernpt trom the requirements of 765 (LCS 77/70 ef seq. because the application was taken by an exempt entity or person. Cortes: Execution date: 5/26/2022 Page 6 of 29 B2(8ASa208 Page: 2 of 1¢ » When recorded, retum tot United Home Loans, inc. Attn: Post Closin, 4 Westbrook Corporate Gtr, Ste 650 Westchester, IL 60154 This instrument was prepared by: EVA ABURTO. United Home Loans, Inc, 4Wlesthrook Corporate Center, Suite 650 Westcheter, IL 60154 866-419-2786 Tithe Order Escrow No, LOAN #3 = [Space Above This Line For Keconting Dalal . MORTGAGE DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are aise provided in Section 16. {A) “Security instrument” means this document, which is daied May 26, 2022, together with all Riders to this document. {B) “Borrower" is WILLIAM ALLEN TAYLOR JR, SINGLE MAN, Borrower is the mortgagor under this Security Instrument. & {C} “MERS” is Mortgage Electronic Registration Systems. Inc. MERS is a seperate corporation that is acting solely as = @ nominee for Lender and Lender's successors and assigns. MERS is the mortgages under this Security Instrurnent. ILLINOIS « Stage Family « Fannie Mae/Freddio Mac UNIFORM INSTRUMENT Form 3044 141 ICE Mortgage Techactogy, inc. Page 1 of 12 KEDEDL 2018 LEDEDL (CLE) 08/25/2022 DB:42 AM PST Page 7 of 29 By B2(8ASa208 Page: 3 of 1¢ £ LOAN MERS Is organized and existing under the lawsof Delaware, and has an address and telephone number of LO, Box 2028. Flint, ME 48301-2026, tel. (898) 679-MERS. {DB} “Lender” is United Home Loans, Inc. Lender is an Ilinois Corporation, ized and existing under the laws of Hinks. Lender's address is 4 Westbrook Corporate Ctr, Ste 950, Westchester, IL 60154 {Ej “Mote” means the promissory note signed by Borrower and dated May 26, 2022. The Note states that Borrower owes Lender TWO HUNDRED SIXTY ONE THOUSAND TWO HUNDRED FIFTY AND NO/1090° * AEE N ERE ER ERR ET SWEETER REY ORR RTERER ESET ORRERHER ERNE Polince (LS. $264,250.00 plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full nof later> than June 1, 2052, (F} “Property” means the property that is desorited below under the heading “Transfer of Rights in the Property.” {G} “Loan” means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security instrument, plus interest. {H) “Riders” means all Riders to this Security instrument that are executed by Borrower. The following Riders are to be. exequted by Borrower [check box as applicable]: i Adjustable Rate Rider <) Condominium Rider [| Second Home Rider e (2 Balloon Rider Planned Unit Development Rider (4 Other{s) [specify] (2 1-4 Family Rider Cl Biweekly Payment Rider Fixed interest Rate Rider CEVA. Rider () “Applicable Law" means all controling applicable federal, state and local statutes, regudations, ordinances and administrative rules and orders (that have the effect of law} as well as all applicable final, nOn-appealable judicial opinions. {d) “Gommuntty Association Dues, Fees, and Assesamenis” means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. {K} “Electronic Funds Transfer” means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telophonia instrument, computer, or magnetic: tape so as to order, instruct, ar authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire ansfers, and automated clearinghouse transfers. {L) “Escrow ftems” means those items that are described in Section 3. {) “Miscellaneous Proceeds” means eny compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5} for: (3) damage to, ar destruction of, the Property: (i) condemnation or ather taking of all or any part of the Property; (iii) conveyance in feu of condemnation; or {iv} misrepresentations of, or omissions as to, the value andfer condition of the Property. (N} “Mortgage insurance” means insurance protecting Lender against the nonpayment of, or dafeut on, the Loan. {0} “Periodic Payment” means the regularly scheduled amount due for ()} principal and interest under the Note, pius: (i) any amounis under Section 3 of this Security Instrument. (P} “RESPA” means the Real Estate Settiement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing requiation, Regulation X (12 C.F.R, Part 1024), as they might be amended from time to time, or any additional or Suécessor legistation or regulation thal gavems the same subject matter, As used in this Security instrument, “RESPAT refers to all requirements and restrictions thai are imposed in regard to a “federally related mortqage loan” even if the Loan does not quatify as a “federally related morigage loan" under RESPA, {Q} “Successor in interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Insttument. ILLINOIS - Singin Family ~ Fannie Mae/Preddie Mac UNIFORM INSTRUBENT Form 3014 01 ICE Morigage Technology, tne. Page 2 of 12 ILEDEDL 9315 CLS} osrearonez tena AM PST Page 8 of 29 B2(8ASI208 Page: 4 of 1¢ TRANSFER OF RIGHTS IN THE PROPERTY ons ATTA This Security Instrument secures to andar {)) the rapayment of the | aan, and all renewals, extensions and madifications of the Note; and {i} the performance of Borrower's covenants and agreements under this Security instrument and the Note. Fer this purpase, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successars and assigns) and to the successors and assigns of MERS, the following described property located in the County [Typeef Revording Jurisdiction} oF COOK Name of Recording Jurisdiction}: f SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS “EXHIBIT A", APN #: 14-24-100-021-1105. APN # 44-21-100-021-1063 ‘, which currently has the address of 3900 N PINE GROVE AVE Unit 614, CHICAGO, [Sieeat) (iy) iinois 60613 (Property Address"): . ie Cova] TOGETHER WITH ail the improvements now or hereafter erecterl on the properly, and ali easements, appurtenances, and fixtures now or hereafter @ part of the property. Al replacements and additions shall also be covered by this Security instrument. All of the foregoing is referred to in this Security Instrument as the “Property.” Borrower understands and agreas that MERS hotds only fegal title to the interests granted by Borrower in this Security instrument, but, if necessary fo comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise arly or all of thase interests, including, but nol fimited fo, the right to foreclose and sel! the Property; and to take any action required of Lender including, but nat limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS thal Borrower is lawfully seised of the estate hereby conveyed and has the fight te marigage, grant end convey the Property and that the Property is unencumbered, except fer encumbrances of record. Borrower warrants and will defend generally the tite to the Property against af claims and demands, ‘Subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securily instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree. as follows: 4. Payment of Principal, Interest, Escrow items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest an, the dubl evidenced uy the Note and any prepayment charges and late ciarges due under the Note. Borrower shall also pay funds far Escrow Hems pursuantto Section 3, Payments due under the Note and this Security Instrument shall ba made in U.S. currenay. However, if any check or ather instrument received by Lender as payment under the Note or this Security Instrument is retumed to Lender unpaid, Lender may require that, any or ali subsequent payments due under the Nota and this Secutity Inatument be made in one or more of the following forms, as selected by Lender: {a} cash; (b) money order; (c} certified check, bank check, treasurer’s check or cashiers check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; of (d) Electronic Funds Transfer. Payrmenis are deemad received by Lender when received at the ‘ocation designated in the Nate or at such other location as may be designated by Lender in accordance with the notice provisions in Section 18. Lender may return any ILLINOIS - Single Farnity- Fannie Man/Fradkdie Mac UNIFORM INSTRUMENT Foun 3014 4/01 IGE Mortgage Teshnatogy, ine. . Page 3 of 72 HEDEDL 0318 LEDEDL (018) op2BI20z2 05:42 AM PST Page 9 of 29 B2(8ASI20A Page: Sof 1¢ LOAN payment or partial payment if the payment or partial payrrents are insufficient to bring the Loan utrent. Lender may accept any payment or partial payment insufficient to Bring the Loan current, without waiver of any rights hereunder or prejudice to ts rights to refuse such psymentor partial payments in the future, but Lender is not obligated te apply such payments at the time such peyments are accepted. If each Periodic Payment is applied as of its scheduled due date. then Lender need not pay interest on unappiied funds. Lender may nold such unapplied funds unt! Borrower makes payment fo bring the Loan current, if Borrower does not do so within a reasonable period of time, Lender shal either apply Such funds or retim them te Borrower. if not applied earier, such funds will be applied to the outstanding principat balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the huiure against Lender shall relieve Gorrower from making payments due under ine Note and this Seourily Instrument or performing the covenants and agreements secured by this Seourlty Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, aff payments accepted and applied by Lender shail be applied in the foftowing onder of priority: {a) interest due under the Note; {b) principat due under the Note; {ec} amounts due under Section 3. Such payments shall ba applied to each Periodic Payment in the order in which it became due. Any remaining amounts shail be applied first to late charges, second to any other amounts due under this Security Instrumend. and then to reduve the principal batance of the Note. If Lender receives @ payment from Borrower for a delinquent Periodic Payment which inclides a sufficient amount t@ pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any applization of payments, insurance proceeds, or Misvellaneous Proceeds te principal due under the Note shalt not extend or postpone the due date, or change the amounit, of the Periedic Payments. 3. Funds fer Escrow Kkems, Borrower shall pay to. Lenderon the day Periodic Payments are due under the Note, # untit the Note is paid in full, a sur (the “Funds") to provide fer payment of armaunts due for: (a) taxes and assessments and other items which can attain priority ever this Security Instrument as a tien ar anrumbrance on the Property; (b} feasehold payments or ground renis on the Property, if any; {c) premiums for any and alf insurance required by Lender under Section 5, and (a) Mortgage Insurance premiums, if any, of any sums payable by Borrower to Lender in fey of the payment of Mortgage insurance premiums in accordance with the provisions of Section 10. These items are calied “Escrow ttems.”At origination or at any time during the term of the Loan, Lender may require that Community Association Oues, Fees, and Assessments, it any, be escrowed by Borrower, and such dues, fees and asgessmants shall be an Escrow Item. Gorrower shail promptly furnish to Lender all notices of amounts te be paid under this Section. Borrower shalt pay Lender the Funds for Escrow items uniess Lender waives Boruwer's obligation tu pay the Funds for any or ail Escrow items. Lender may waive Borrower's obligation to payta Lender Funds fer any or ali Escrow items at any time. Any stich waiver may only be in writing, In the evant af euch waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow items for which payment of Funds has been waived by Lender and, if Lender requires, shall fumish to Lender receipts evidencing such payment within such time period as | ender may require. Rorrower’s obligation to make such payments and to provide receipts shall for ail purposes be deemed to be a covenant and agreement contained in this Security instrument, as the phrase "covenant and agreement’ is used in Section @. if Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower falls to pay the amount due for an Escrow item, Lender may exercise is righis under Section 9 and pay such amount and Borrower shat! then be obligated under Section $ to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow tems at any time by 2 notice given in accordance with Section 15 and, upon such revocation, Borrower shal! pay to Lender aif Funds, and in such amounts, that are then required under this Section 3. Lender may, al any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to excesd the maximutt amount a lender can require under RESPA. Lender we shall estimate the amount of Funds due on the basis of current date and reasonable estimates of expenditures of future Escrow ttems or otherwise in accordance with Applicable Law. ‘The Funds shell be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity {including Lender, if Lender is an institution whose deposits are so insured) ar in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Hems no jater than the time specified under RESPA. Lender shail not charge Borrower for holding and appiying the Funds, annually analyzing the escrow account, or verifying the Escrow tema, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lenderto make auch a charge, Uniess ALLINONS « Single Fanity - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 301¢ 101 (CE Mortgage Technology, ies. Page4 0f 12 LEDER 318 EDEDL (CLS) OB252002 05:42, AM PST Page 10 of 29 B2(8ASS208 Page: S of 1¢ LOAN #: an agreement is made in writing or Applicable Law requires interestto be paid on the Funds, Lender shall not be required. fo pay Borrower any Inierast of earnings on the Funds. Borrower anit Lender can agra in waiting, however, that interest shailbe paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. if there is @ surplus of Funds helt in escrow, as defined ander RESPA, Lender shall account to Borrower for the exoess funds in accordance with RESPA, If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shail natify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficlency of Funds paid In escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay i Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund te Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shalt pay all taxes, assessments, charges, fines, and impositions attributable to the E Property which can attain priority over this Security instrument, eesenold payments ar ground canis an the Property, ifany, and Community Association Ques, Fees, and Aseessments, if any. To the extent that these items are Escrow items, Borrower shall pay thern in the manner provided in Section 3. Borrower shail promptly discharge any tien which has priority over this Security Instrument unless Borrower: (3) agrees in writing to the payment of the obligation secured by the fien In a manner acceptable to Lender, but only so long as flarrower iS performing such agreement; (6) contests the fen in goed faith by, or defends against enforcement of the fen in, legal proceedings which in Lender’s opinion operate to prevent the enforcement of the lien while those are pending, but only until such proueedings are cancluded: or (¢) secures from the holder of the tien an agreement satisfactory to Lander subordinating the tien ta this Seourily instrament. ff Lender determines that any part of the Property is subject to a tien which can attain priority ovar this Security inatrument, Londer may give Borrower a notice identifying the lien. Within 10 days of the date on which thal notice Is given, Borrower shail satisfy the fien or take ‘one of more of the actions set forth: above In this Section 4. Lender may require Borrower ta pay 2 one-lime charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shail keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term “extended coverage,” and any other hazards iniuding, but not limited to, aarthquakes and Hoods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the tern of the Loan, The insurance cartier providing the insurance shalt be chosen by Borrower subject to Lender's right te disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (9) @ one-time charge for flood zone determination, certification and tracking services; of (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shail also be responsible for the payment of any fees impased by the Federsi Emergency Management Agency in connection with the review of any flood zone defermination resulting from an abjection by : if Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any partioular type ar amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the cunlents uf ihe Property, againsl any risk, Nazard or Hlabllily and might provide greater or tesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurarias that Borrower sould have obtained. Any amounts disbursed by Lender under this Section § shalf become additional debtof Borrower secured by this Seourity Instrument, These amounts shall bear interest at the Note rate from the date of disbursement and shalt be payable, wilh such interest, upon natice from Lender to Borrower requesting payment, Ail insurance policies required by Lender and renewals of such policies shail be subject to Lender's right to disapprove such policies, shalt include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payes. Lender shall have the right to hoid the policies end renewal certificates. If Lender requires, Borrower shal! promptly give to Lender all receipts of paid premiums and renewal notices, if Borrower obtains any form SLLINGIS - Single Family - Fannie fitae/Freddie Mac UNIFORM INSTRUMENT Form 3014 1401 ICR Moctoaga Tashnntogy, Inc, Page 5 of 12 WEDEDL 0315 WEDEDL (CLE) oStB2082 06:42 AM PST Page 11 of 29 B2(8ASI20A Page: 7 of 1¢ LOAN #: of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall Inchide a standard mestgage clause and shall name Lender as mortgages and/or ag an additional ioss payee. in the event of loss, Borrower shail give prampt notice to the Insurance carrier and Lender, Lender may make proof of loss if not made promptly by Borrower. Uniess Lender and Borrower otherwise agree in writing, any insurance: proceeds, whether or not the underlying insurance was required by Lander, shall be applied to restoration or repair of the Properly, if the restoration or repairis economically feasible and Lender's security is not lessened, During such repair ang restoration period, Lender shail have the rightfo hold such insurance proceeds until Lender has had an opportunily io inspect such Property to ensure the work has been completed to Lender's satistaction, provided that such inspection shail be undertaken promptly, Lender may disburse proceeds for the repairs and restoration in 3 single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing of Appileable Law requires interest to be paid on such insurance proceeds, Lender shalt not be required to pey Bustower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shail notbe paid out of the insurance proceeds and shall be the sola obligation of Borrower. {f the rasionatian or repair ia nat economically feasibie or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Secusity Instrument. whether or not then dua, with the excess, if any, paid tm Rarowar Such insurance proceeds shail be applied in the order provided for in Section 2. if Borrower abandons the Property, Lender may file, negotiate and satte any availatie insurance claim and related matters. f Borrower dees net respend within 30 days to a patice from Lender that the insurance carrier has offered to settle a claitn, then Lender may negotiate and setile the claim. The 30-day period will begin when the notice is given. in esther event, or if Lender acquires the Property under Section 22 or otherwise, Borrower heraby assigns to Lender {a} Borrower's rights fo any insurance proceeds in an amount not to exceed the smounts unpaid under the Note or this Security instrument, and (by ary other of Borrower's righis (other than the right to any refund of uneamed premiums pald by Borrower} under ali insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance prosecds githor to ropait or restare the Property or fo pay amounts unpaid under the Note or this Security Instrument, whether or not then dug. 6. Occupancy. Borrower shali occupy, establish, and use the Property ag Borrewer’s principal residence within 60 days afer the execution of this Security instrument and shall continue to cocupy the Property as Betrower's principal residence for af least one year after the date of occupancy, unless Lender otherwise agrees in writing, which cansent shail nol be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's contral, = 7. Preservation, Maintenance and Protection of the Property; Inspections, Borrower shail not destroy, damageor & impair the Property, allow the Properly te deteriorate or commit waste on the Properly. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in orderto prevent the Property from deteriorating or decreasing in value due ic ils condition. Untyss it is determined pursuant to Section 6 that repair or restoration is not economically feasitie, ef Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage. to, of the faking of, the Property, Borrower shell be responsible for repairingor restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds. for the repairs and restoration in a singla payment or in a senes of progress peymenis es the work ig completed. If the insurance or condemnation proceeds are not sufficientto repair or restore the Property, Borroweris not relieved of Borrower's obligation for the coripietion of such repair ar restoration. Lender or its agent may make reasonable entries upon and inspections of the Properly. if it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of ‘or prior to such an interior inspection specifying such reasonable cause, 8, Borrower's Loan Application. Borrower shall be in default i, during the Loan application process, Borrower of any persons or entities auiing at the direction of @orrawer or with Borrower's knowledge or consent gave materially faise, misieading, or inaccurate information or statements fo Lender (or falied to provide Lender with material information) in. connaction with the Loan. Material representations include, but are not limiied to, representations conceming Borrower's occupancy of the Proparty as Borrower's principal residence, 9. Protection af Lender's intarast in the Property and Rights Under this Security Insteument. if (a) Borrowsr fails to perform the covenants and agreements containedin this Security instrument, (b) there is 2 legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Seourity Instrument (such as @ proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a Hen which may attain priority over this Security Instrument or to enforce laws or regulations), or (c} Borrowerhas abandoned the Property, then Lender may do and pay for whatever is reasonable er appropriate te protect Lender's interest in the Property and rights under & ALINOIS » Single Family. Fannie Maa/Freddie Mac UNIFORM INSTRUMENT Form S014 4204 ACE Morigage Technelogy: ine. Page 6 of 12 WEDEDL 0396. WLEDEDL GLS) osr2a/2022 08:2 AM PST Page 12 of 29 B2(8ASI20A Page: 8 of 1¢ LOAN. this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing tha Property. Lender's actions can include, but are not limited fa: {a) paying any sums secured by a lien which hes priority aver this Security Instrument; b) appearing in court; and (c} paying reasonable attorneys’ fees to protect its interast ia ihe Property and/or rights under this Security instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make cepairs, change locks, replace or board up dears and windows, drain water ftom pipes, eliminate building ar other code violations or dangerous: sonditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does nat have to de so and is not under any duty or obligation te do so. itis agreed that Lencier incurs no lability for not taking any of ail actions authored under this Section 3, Any amounts disbursed by Lender under this Section 9 shail become additional debt of Borrower secured by this Security Instument. These amounts shall bear interest al dre Note rie fram ihe dete of disbursement and strait be payable, with such interest, upon notice from Lander to Borrower requesting payment. this Security instrumont ie on o lasohold, Bortawer shall comply with ali the provisions of the lease. Borrower ahall nut surrender the leasehold estate and interests herein conveyed or terminate ar canoe! the ground lease. Borrower shall not, without the express written cansant of | ander, altar or amend the ground lease. If Rorewer acquires fee tile to the Property, the leasehold and the fee tite shall nat merge unless Lender agrees to the merger in writing. 10. Mortgages insurance. if Lender required Mortgage insurance as a condition of making the Loan, Borrower shalt pay the premiums required to maintain the Morigage insurance in effect. If, for any reason, the Mortgage Insurance: coverage required by Lender ceases to be availiable from the moriyage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward tha premiums for Marigage insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent te the Morigage insurance previously in effect, at @ cost substantially equivalent to the cost to Borrower of the Morigage insurance previously in effect, from an altemate mortgage insurer selected by Lender. if substantially equivalent Mortgage Insurance coverage is net avaliable, Borrower shalt continue te pay fo Lender the amount of the seperately designated payments that were due when the Insurance coverage ceasedto be in effect. Lender will accept, use and retain these payments as 2 non-refundable ings reserve in lieu of Mortgage Instrance. Such loss reserve shall he non-refundable, natwithsianding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earningson such loss reserve. Lendey can no longer require joss reserve payments if Mortgage insurance coverage (in the amount and for the period that Lender requires} provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insuranes. if Lender required Mortgage insurance as a condifion of making the Loan and Borrewer was required fo make separately designeted payments towerd the premiums for Mortgage insurance, Borrower shail pay the premiums required to maintain Morlgage ingurance in effect, or to provide a non-refundable loss reserve, unt! Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender praviding for such termination ‘oF until temination i required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation te pay interest at the raie provided in the Nate. Mortgage insurance reimburses Leader (or any entity that purchases the Note) for certain losses It may incur if Borrower does not repay the Loan as agreed. Borrower is nota party ic the Morigage Insurance. Mortgage insurers evaluaie their total risk en all such insurance in force from time to time, and may enter into. agreaments with other parties that share or modify their risk, or reduee tosses. These agreements are on tems and conditions that are satisfactory to the mortgage insurer and the other party {or parties) to these agreements. These agreements may require the morlgage insurer to make paymenis using any saurce of funds that the mortgage insurer may have available {which may inckide funds obtained from Morlgage insurance premiums}. AS a resutt of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive {directly or indirectly) amounts that derive from (or might be characterized a3} 6 portion of Borrower's payments for Mortgage Insurance, in exchange fo