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Home My WebLink About2303 G To pay all and dngulu the casts, charges. exper~sea and attorney'a tees reesonabiy lncurnd or pald at any Wne t by the Mort~ee bequse ot any detault es to any stlpuladoe, sgrrement eu~d covenant o[ t1~e note end thls Mortga~e, or • 1 eithec, or in any sult or proceedln~ at law or la equlty to whlch the Mortga~ee sAall be and become a party ln ceterence { to the Mortgagors Interest In the premises hereln mortgaged. or tn sustaiNng the llen or prtority ot thls Mortga~e; the amounts of any wch costs. cnarges. expenies a~?d tees ahW also be deemed a charge and Indebtedness ~ecured hereby - and beu interest at the ssme rste es the psinclpal lndebtedness. 7. In tl~e event oi a detault in any of the coveaaats of this Mortgage. the Mortgagee b exprealy gtven the c1Qht, which msy be exercised at any Wne during the existence ot any detsult und w long as a default shall exlst. to talce poeses- . sion of and hold the pnmlaes. with or wiNout pt+oce~s of law. and collect and recetve tM rents„ lssues and proII4 theretrom. with or wlthout U?king possesston ot the premises, and to apply the reats. isntes and pmsts to the psyment o[ expenses, charges and amounts due and payable under the provisfont ot the note and thls Mortgage. '11~e Mort~a~or assigns and transfers unto the Mortga~ee the renta, i~sues and pro8ts ot the premtses tor t!?e purpose afoterald. The tak- , ing oi passeasion of the preraises and the collectioa of the rents by the Mortgagee shaU tn no way wdve the rt~nt ot tbe ~ Mortgsgee to foreclose thls Mortgage because ot s default. k Md the Mortgagee may. at any tline pendln~ a sult upon Ws Mort~a~e. apply to the Court having ~ueisdictlon of such suft for the appolntment of a receiver of all and sin~ular the premises and the rents, lasues and pro8b theteof. and tliereupon the Couct sdaU forthwith. as a stdct mstter ot ri~ht !n the Mort~a~ee. and without oontiderstlon oi the vulue ot the mort~aged premises as secudty fos the amounb due the Mortgagee. or the'olvency of any peison or persom ~ bound for tRe payrnent of such amounts~ ena wriWout notlce. appo[nt a recefver o! all auch premises with tAe utual powea wnd duttes Including the power to reat the premises u~d to coUect the rental thereot and therefcom. tl~ revenue dalved ~ trom said premises to be appIIed to the proper charges and expenses attending the receivership. taxes and aoeaements ~ and other chuges agatnst and for tAe protectlon of the premiaes, the payment ot the lndebtedness ~eeured Aereby, or. aa the Court msy othecwiae dlrect. ` ; 8. If tt~e premises, or any part thereof. b talcen or damaged under any power ot eminent domain or otheswLe, then ~ whatevcr moneys ahall thereDy become due the Mortgegor sre hereby aaaign~ ~all k~ to tl~ioriga~ee. whq, ; atter deducting all reasonaDle co~ts aad expenses wNch may Mve been in 6~? It in ~6U,c~tr~n thenw~ ~haU apply the remainder ot the sums recelved to tne p~yment and saWfectloa of the ebtednas ~ecured hereby !a tull or pro- i tanto. My surplus of sucA moneys over and above the amountt neceassry to pqy tn toll all fadeDtedne~t liereby secured shall be pa[d to the Mortgagor. ; 9. The Mortgagee ahall have the dght at any Wne and trom Wne to tlme, and without notlce t~o or consent ot any person, to release any portion of the premises irom the llen o[ thls Mortgage and to extend the thne si payment of all or ; any part ot the lndebtedness. without affecting or releaafng the personal llabWty ot any person Ifable for the payment ot any sum or Wterest ~ecured hereby and wfthout in anywise altering, vatying or d[mintshing the force. ettect or Uen o[ this 1?tortgage on all of the premtsea not specl~cally released trom the lien ot this Mortgage by the Mortgegee. ~ ; ; i ~ ~ 4 i i ~ ~ ~ ~ S C ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ f ~ i ~ ~ak ~ 3 . i The covenanb hereln contained shall Dind. and the benests and advantsge~ shall inure to. tLe respectlve hetis, enecu• i ~ tors, adminlstraton. suooeswrs, and assigas of the pastlea hereto. Whenrver uaed, the a[ngular number afull laclude the f ~ plural, the plur~al the singular. md the use of any gender shall include all ~enders. It Is lntended that this Mort~age and ~ the note hereby secui+ed are made v?1th refenncr to and aball be construed as a Florids oontnct and ~werned bp tM ~ laws Wereof. ~ IN WITNESS WHERDOF~ the Mortgagor hereln named has hereunto tet Rls hand ~nd ~eal the day and year Mt ~ above wdtten. n : ~ ~ ~ ~ Slgned, Sealed and Delivered - ~ in the Preeence of: ~ ~ ~ , , s ` . . l ~ : t~ ~ ~ . ................1. i11T:1: t J . Jt7}/t... 'Y? ~ ~ ~ • • _ • - ~ • ~.~t..~.:.~.,_. ~ ~ ~ , ~ ~ ~ ~ ' (SEAI.) ~ - ~ - _ - r - ; n 1 :•1~.:1 ~u: 3 _i 4 . . ~ , . . I.~ ~ ~ . 3 ._..~..W ~!!'-`..,~`~.y~.......--•-'- . . . _....._.~.SEAL~ ~ ; t ' . : ~ - L c~~k~ , ls~. ; . . . . • • . - . . _ . - ~ - - - . . ....(SEAL) ' Stete of Michigan r~ County of Ovkland ~ Subscribed Lnd s~rorn to befo#re se '~his Seventh D~y of Febru~ry 1972 - . R ' ~ ~ ..Ta. FA~R 3 OC::K ~~J P!~i ~ ~ ' t'.. . - ~•-.b: Ccur~ty. Mfch. ~ O ~ . : , , ~ " 1u,1y11 .'~'.'.5 . , . . ' 'S