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Home My WebLink About0261 a. Tbat 1a the sveat o! ~u~y breach ot this ma=tge?ae or detault on the purt ot the Mortga , or tbl ta ths event any ot said sums of money hereln referred t,e be rtot promptly and fully paid w~th[t~ ~ dayrs next ~Lter the aame aeverally become due and paysble. without demand or notice. or (c) in the event each and every the at~pulaUona. agreements. co~ditions and ~wvenant~ oi said prom?sso~ y note and this mortgage. any or either, are not duly. promptiy and tuliy performed, discharsed. executed. ettected, completed. complled with and abided - by, then, in eithe~ or any such event~ tha sai~ aggrogate sum mcntioned u~? aa~d pmmisaory note thein remaining unpaid, with intereat accrued, snd aU moneye secured ~h~:reb,y, shall bernme due and paysble torthwith. or there- atter, at ihe option ot asid Mortgagee. us tully and completely aa if all ot the sald sums of money were origin~lly stipulated to be paid ot? auch day, anything in said propiissory note, and%or tn this mortgage to the contrary not- withstanding• and thereupon or thereattar at the option o[ said blostgagee. ~~•ithout notice or demusd, auit at law or in equlty. theretofors, or thereaiter begun, may bs prosecuted as lt all moneys aecured hereby had matured prios to its insUtutioa. . 7. That in the event that at the Deglnning ot or at anyr tlme pending any sWt upon this mortgage~ or to . foreclose i~ or ta retorm !t~ and/or io enfone payment ot any claima hereunder. aaid Mortgagee ~ha11 apply to the Court havi~ juriadiCtlon thnseof for the appointment of a Receiver. auch court ahall forthwlth appoint a Receiver of ssid mortgaged proparty alt and singvlar, including all and aiRgular the nnts. ineome. protlta. iasues and revenues imm whatever source derived~ ea~:h and every ot which. ft being exprea~ly understood, fi hereby mortgaged as it specitically set forth and descrih,ed in the Rranting and habendum clausea hanot~ aad such Receiver ahaU have all the broad and ettective tunctions and powera in anywiae entrusted by a co~.t ; to a Receivar~ and such sppoiatmeat ahall be made by euch oourt ae an admltted equity and a Matter of ab~ ~ solute right to eaid Mortg~ee. and withont reterence Lo Lhe adeqvacy or inadequacy ot the valus oi tha pmp~ erty mortgaged or to the aolvency or insolvency ot aaid Mortgagor and/or ot the detendants~ atid that such reuts. profita~, income. issues and revenuex shall be appiied by such Recelver according to the lien and/or equlty = ot aatd 2lortgagee and ths pracUce oi auch court. 8. It is unaerstood 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 ~ morigagee to said mortgagors or any successor in title of said mortgagors of !he property hereby conveyed; pmvidecl that the total unpaid balance of the indebtedness secured hereby 3t any one time shall not exceed f the maximum principal amount of . _ . . . _ . . Dollars ~ _ . . . (i ~ pius interest thereon and any disbursements made by the morigagee for the pay- : ment of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursemenu. i 1N WTlNE33 WHER~OF, Ws utd ldortgagor he~ ~xecuted Ws mort~ags under seal on tf~e dsy and year bcrein ltrst aDove ~vrtrtten. Slgned. sealed and deHvered ia the presence ot: . ~ ~ ~ ~ / ~ : J *-tt,C~•C ~ " SEAL s ~ ~ EDWARD PETER LOSIE~PICZ ) a ~ _ ~ ? - ' s war er Los~ew cz ~~~M' ` a d Kathrya Losiewi . ~~t.. `~a_.u=c<.-~G, ~STsAL) ; THRYN L SIEWI Z ~ ~ ~ ~ s~rw~ oF..._ ,~ICHIGAN ~ cotn~rrsr oF_..MACOMB.......~.~~ Betors me personally appeara~_._.$DWARD PSTER LOSIEWICZ atld .._~.~~~.~~w E KATHRYN LOSIEWICZ, his wife to me weil known and known W me to be the individual S. de~cribed in aad who executed the ioregoing lnstru- ment~ ar~d acknowledged before me that ~_hes executed the aame for the purposes thsrein expreaaed. . ~ _ '=7::.' i ~ i. : wrrivESS ~,y na~a ~na o:ncca s~aa c~s_.......1._.....__~. • , ~ . ~7,,~. I . . Notary PubHc in~~~.,,, ~ the Couaty and 8tste A~~les~iid. My commission e~pirea:- JatAU~ky' E9; - 1977 3TATE OF . COUNTY OF..._...---•-----.~_...__.__........ i ~ ~r ~ j . - . - / .,t.I ~ W ' ••.,~t• . Before me personallY aPPea?red.-----------------__._----•.__...w ~ a and........__....._...._.._ .............._._._...._......r.. to ms well lmown aad kt?own to me to be the---•--....._.»..___..._.._..._...Preddent aad....._._....._._....___...._._ Secretary reapectively of the corporaUon named in the foregoing instrument, and lmown to me to be the penoni who ai eucb oi'~cera oi utd corpontton. ea~ecutsd the aame: aad then aa4 there ths ~atd.-•---._._._...~...._._....._.._..._..._.......__...._..._...._.__.._..---._._...anA ths ssid ~ __w...~......,.._d!d acknowledgs bsfor~ me that ~aid ; instivment is the free wct and deed of aald corporation by them reapeetively ezecuted as such otIIcers for th~ purEwsea therein expreseed; that the ~eal thenunto attacLed ii the corporate ~eal bq thean in liks capaclty at- tlxed; all under iwthorlty 1n tham duly ve~ted by the Board o! Dtrectors of eaid corporsUaa. WITNS$$ my hand and oftlcial ~eal tJiis ................._._.....day of.».......~........_._.__........... 19..._~ _ ~ ~ f t LE G', k_'~_ t;~iG E 0 r ST. LUC1~ '•n1i1iTY FlA_ Notary PubHc in and tor ' p U C== R ~ S the County wd 3tate Afore~aid. ~L=~~ ! GCCRT R F L,, Hy cammiadon ezpirea: , r......_._. a ~ 38 ~N ~ i3 25~i3~2 a~a~ 2~~J ~,F , : _ J i ~ 1 ' wh r ;y~ ? _ ~ ~„`j~~~ ~r£u'~ ~+~'."3,~~..,. ~ ty s"k " _ t'~ . y . ~ . _ ,._.'"~'.i`..._^Z'~[