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d. TN?t (a) in th~ event ot ai?y bceacl~ ot thfs mortgaae or default on the part o! the Mortsw~or, or lD) in
t1?e evert any ot ssid aums oi moa~y herela retttred to bs aot prompt~y and Nlly paid withia C~,yS
atter We same severaUy become due and p~,yable. without demand or notice, or (c) in the evaat eacb ~nd evary
the ~tipulaciups, sgreements, conditious aad ~~ovenant~ of said promissory note and thls mortgage. any or elther. .
ue not duly. pmmpt~y aad tully pertormed. dischuged. czecuted. ef[ected. completed. complled witD and aDlded
by. then. ln eithee or any such event, ths aaid aggregate aum mentioned in aaid promissory note theu remsinina
unpsid~ with lntereat accrued. aud sU monaya securod hereby, shall Decome due and paye~ble fortAwith, or thera
atter. st the optioa oi aaid Mortgagee. as Nlly and completely as If sil oi the aaid sums oi money wer~ oMginWy
atipulsted to be paid on auch da~y. ar~ything i~? sald pmmlaaory note, and/or ia this mortgage W th~ oontrary not-
withstanding; and Wereupon or theresiter at the optioa of aaid Mortga~ee, without notice or denuad. sult at
Lw or ia equtty~ theretoforer or Wer~after begun. may bs proaecuted a~ it W moneys sscared hereby had matured
pdor to it~ lnstitutiou.
T. That 1n the eveat that at tbs beginntas o! or at any tlms peading eny sait upo~n thls mort~ge, or to
loreclose 1~ or to reform it~ and/or to enioros psyment of any claima henunder. sald Mortgass~ ~hait apP1Y
to We coust havin~ iurisdictlon theraoi for tt?e appolntment oi a Receiver, such court ~hall forthwith appolnt
a Receiver of said mortgaged propesty all sad aingular. including sil aad aingular the renti. iacome, protit~„
iasues and revenues lrom whatever ~ource derived, each and every ot whlch. tt bei~ expressly undentood. i~
hereby mortgaged as ii speciLically aet forth and descrit.ed in tAe granting and habeadum clause~ hsreot. aad
such Racelver shaU have all the brosd and eitective iunction~ and powers in anywise entrusted by a court
to a Reoeivsr. aod such appointmeat shall be made by auch ooust as an admltted equtty and a matter ot ab-
wlute ri~ht to said ~[ortgagee, aad arlthout reference to the adeqnacy or inWequa~cy of the value of the prop-
~sty mort~a~ed or to the aolveacy or insolvency of sald ]~ortgagor snd/or o! the datendaats. aad that such
raub. P ts. income. iaaues and re~ enues shaq be sppried by euch Receivar acoording to tbe lien and/or equiqt
a~ uid ][oztgages aad the practioe oi sucb court
8. It is un~erstood and agreed that this mortgage is given to. secure, in addition to the note or obligation
above described any additional loans or future advances made within twenty years from date hereof by the
mortgagee to said mortgagors or any successor in title oi said mortgagors of the pmperty hereby conveyed;
pmvided that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed
the maximum priricipal amount of - - . . DoUars
(S.. Plus interest thereon and aqy disbursements made by the mortgagee for the pay-
ment of taxes, levies or insurance on the prnperty encumbered hereby, with interest on such d~sbursements.
IId WTrN~SB VVHER~OF. ths said 3[ortgagor ha~ sxecuted thia mortgags under seal on tLe da~? and year
Aereia tirst aDove wrlttea.
Slrned. sealed snd deHvered in the pnsence ot:
.
(SEA L)
. As rustee
0~.~,~-....,~.... . ,
Q- ~ . (S~ ~
As Trustee
s~rw~ oF......MICffiGAN
oovN~r og.WAS~'~...~~?4,~I " ~
Hefore me persanally aP A, N. GUS'IINE As Trustee az1d _
ELWOQD L. CUSHIlVG As Trustee _ ~
tp me well luwwn and known to me to be the iadividual.... described in and who execvted tbs foregoing instru-
~ an~and a,clmowledged befon me Lhat ._.ha_.. e~cecuted tLe same for tLe purposes thereia ezPrensed.
~ A t 1~ 68. ~
i~~~~ ~ . ~
p~'E: M 0 yy~~,~~~.•~g my tuad and oiHdal seal this
. OQ'- ef+?~~~i~.'• .
~ # pTAR~, s
= ~
~ ~ : ~ ~ ; : ~ + . c~o„ac~b"~
s~ wtor~a~a.
~:~(/g~~G My commissioa ezpirea:
~~;y~~~p
~J`~~'
oF._._r..__...._..._~__._^.._....w.--~ ~
'+ur~u~u- Y
~Beto» me peraonallY aPPus~d..--.__.._....._.»._ -
and............_.___..»_............ to tw wd1 ]mown aad
kl?o~vn to ms W bs tbe..........._.__...._.._.._.......Pceddeat aa ~iO~7
reapectlvelr of t1M oorporatloa
aaaa~d tn tbe tore~oias insWm~a~ and lmovvn to me to be t1N par~otu wLo a~ aucb o~ttcar~ at ~ald oorpor~tion.
ex~cuted tDe umr and tt~a a:?d tLsr~ tb~ ai~.._........._..-... aaA th~ aald
~ a~clmowlsdn aca~. me tbac .ata
instrument 1~ ths fres act and d«d oi aaid oorpontlon Dy them resp~ctlwl7 ezecut~d a~ snch ofAars !or t~
tl~ic~drp~all uad~r w~t2piorlr~
ty dln tlMrn du17 wrbd by the Boud oi Direeto~ot atid oorporatioo. ~~~~ty at
Wl'1'Pi=SS my Aand aad alAda~ Na1 t~..._._... _.....da~ ol....».---------~------- lY..~
Notar~ PuDlic tn aM for
cn. oon~a .ae a~.a wror..aa.
Ks~a~~
aooK1?'3 P~E 488