(As a chattel mortgage is so often given in sale transactions, to secure a portion or all of the purchase price, a form is here given. It is better to use the printed blanks to be secured of the stationers, for these are drawn in compliance with local statutes and customs.)
Know all Men by these Presents, That A. B. of the city of ........in the County of........and State of........in consideration of the sum of........Dollars, to him paid by C. D., of the
County of........and State of........the receipt whereof is hereby acknowledged, does hereby grant, sell, convey and confirm, unto the said C. D. and to his heirs and assigns, the following goods and chattels, to-wit: (here describe goods mortgaged so that they may be identified from the description, stating the place where the goods are located).........................
To Have and to Hold, All and singular the said Goods and Chattels, unto the said Mortgagee. .herein, and his heirs, executors, administrators and assigns, to his and their sole use, forever. And the Mortgagor, .herein, for himself and for his heirs, executors and administrators, does hereby covenant to and with the said Mortgagee.., his heirs, executors, administrators and assigns, that said Mortgagor is lawfully possessed of the said Goods and Chattels, as of his own property; that the same are free from all incumbrances, and that he will, and his executors and administrators shall warrant and defend the same to him, the said Mortgagee, his heirs, executors, administrators and assigns, against the lawful claims and demands of all persons.
Provided, Nevertheless, That if the said Mortgagor.., his executors or administrators, shall well and truly pay unto the said Mortgagee.., his executors, administrators or assigns..........
then said Mortgage is to be void, otherwise to remain in full force and effect.
And, Provided, also, That it shall be lawful for the said Mortgagor.., his executors, administrators and assigns, to retain possession of the said goods and chattels, and at his own expense, to keep and to use the same, until he or his executors, administrators or assigns, shall make default in the payment of the said sum of money above specified, either in principal or interest, at the time or times and in the manner hereinbefore stated. And the said Mortgagor..hereby covenant, .and agree..
that in case default shall be made in the payment of the Note., aforesaid, or, any part thereof, or the interest thereon, on the day or days respectively, on which the same shall become due and payable; or if the Mortgagee.., his executors, administrators or assigns, shall feel himself insecure or unsafe or shall fear diminution, removal or waste of said property; or if the Mortgagor., shall sell or assign, or attempt to sell or assign, the said Goods and Chattels or any interest therein; or if any Writ, or any Distress Warrant, shall be levied on said Goods and Chattels, or any part thereof; then, and in any or either of the aforesaid cases, all of said Note..and sum of money, both principal and interest, shall, at the option of the said Mortgagee.., his executors, administrators or assigns, without notice of said option to anyone, become at once due and payable, and the said Mortgagee, his executors, administrators or assigns, or any of them shall thereupon have the right to take immediate possession of said property, and for that purpose may pursue the same wherever it may be found, and may enter any of the premises of the Mortgagor with or without force or process of law, wherever the said Goods and Chattels may be, or be supposed to be, and search for the same, and if found, take possession of, and remove, and sell, and dispose of the said property, or any part thereof, at public auction, to the highest bidder, after giving
........days' notice of the time, place and terms of sale, together with a description of the property to be sold, by notices posted up in three public places in the vicinity of such sale, or at private sale, with or without notice, for cash or on credit, as the said Mortgagee.., his heirs, executors, administrators or assigns, agents or attorneys, or any of them, may elect; and out of the money arising from such sale, to retain all costs and charges for pursuing, searching for, taking, removing, keeping, storing, advertising and selling such Goods and Chattels, and all prior liens thereon, together with the amount due and unpaid upon the said Note.., rendering the surplus, if any remain, unto said Mortgagor.., or his legal representatives.
Witness The hand and seal of the said Mortgagor, this........
day of........in the year of our Lord One Thousand Nine Hundred........
Sealed and Delivered in the Presence of
State of Illinois, County of Cook, City of Chicago, ss.
I,........Clerk of the Municipal Court of Chicago, do hereby certify that this mortgage was duly acknowledged before me by the above named........the Mortgagor therein named, and entered by me this........day of........A. D. 191..
Witness my hand and the seal of said court.
[seal] Clerk of the Municipal Court of Chicago.