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Home My WebLink About0265 d. That ta We event of any breacA ot thb mortga~e or de[ault on the part ot ths biortg~~g~. or lb1 la ths event any ot said sums of moaey herefn reterred te be not prompt(y and tutiy paid wlthiq f~l ctay~ aext atter the same aeverally become due and payable, with~ut demand or notice, or (c) in tha event esch and every the sUpulaUcns, ag~eements, conditiona and covenanq ot aaid promisso~y note•and thfs mortgage, any or elther. ~ are not duly, promptly aad fully pertormed, discharsed, executed. etfected. completed. complied witb and abtded by. then. ia eithe~ or any such event. the said ~gg~egate sum mentioned in suid promissory note then remsining unpaid. with int~srest sceruad, and all moneys secured h~~rcpy~ shall become dua eutd payable forthwith. or there- +tlter. at the opdon of asid Mortgagee, aa tWly and completely aa if all ot the aaid sums ot money were originaliy atipulsted to be paid on auch day. anything in aaid promiasory note. dndlor in this mortgage to the contrary not- withstanding• and thereupon or therea[ter at the option of said I~Iortgagee, without notice or demand~ auit at law or [n tqulty, thenWiore, or thereatter begun. may be prosecuted as U all moneys aecured hereby had autured prior to tts insututioa ~ 7. That in the event that at the beginniu~ ot or at any time pending any ault upon thls mortgaes~ or to forecloas i~, or to setorm 1t, usd/or to enforce payment o! any claims hereunder. said Mortgagee shall aPP~Y to the court havins jurisdictloA thereof for the appoinpnent o[ a Aeceiver. such court shall torthwith appoint a Receiver of aaid mortgagad property all and singu}ar. including aU and singular the rents. inoorae, protita„ • Lsues and rsvenuea irntn whatever source derived, each and every ot which. lt being exptessly understood, 1~ hereby mortgaged aa it spectfically set torth and descriEed in the granUng and habendum clausea hereot. aud ~ such Iteceiver ahall Aave W ihe bt~aad and effective llrnctions and powera in anywise entrusted by a court to a Receiver. and auch wppointment ahal! be made by euch court as an admitted equity ~nd a matter ot ab- soluta right to aatd Mort~agee, ar~d without reference to the sdequacy or inadequacy of the valus o! the prop- erty tnortgaged or to the aolvency or insolvedcy of said Mortgago~ and/or of the defendat~ta, and that euch ~ rents, prof(ts. income, iaaues and re~enues ahall be apgiied by such Receiver accordtng Lo tbe lleu aad/or equlty ot aaid Mort,gngee and the practloe ot such cour~ 8, It is understood 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 irom date hereof by the mortgagee to ~aid mortgagors or any successor in title of 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 principal amount oi _ . . . _ _ _ . . . _ Dollars (t- - - -...J, plus interest thereon and any disbursements made by the mortgagee for the pay- ment of taxes, levies or insurance on the property encumbered hereby. with interest on such disbuxsements. IN WPTNE33 VVHERSOF~ the said Mortgagor Lai executed tWs mort~ags under seal on the day and year henin first above ~vrlttea. Sianed, sealed snd deUvered in ths preaence ot: ~ _ . ~ c-,~ J, ~~G~~~ EDWARD PAUL LOSISWICZ EAL) - s o ard Pau Los ew cz~~ r (SSAL) and Sandra Losiew z SANDRA LOSIBWICZ i s•rwz~ oF._....MICHIGAN ~ a covrrrsr oF..._.;viAC.S?~~..__._.._. Herore me perao:,auy appearaa.._. EDWARD PAUL LOSIEWICZ and SANDRA LO~I~Z,,., his wife = # to me well known and known to me to be ttee fndividualS. described in aad who executed Lhs foregoing instru• ; ment, and acknowledged before me Uut ~._heY executnd the ,ame for the purposes therein expreased. wrrrrESS ~y hana ana otr~oiai s~ai tnfs......15th .~__.....~__.....M. ~Y ~ i~3~. ~ { L n~ n . B ~ ~ Notsry Publlc fn end !or ' ~1 L`, the County aad 8tste Aloreeiti~+ ' • r. ~ - My oommiaston e~cpins:_ Janu~s~t''29,: -I?9~'7 ; _ , - STATE OF....._._ ~ ~ ' ~ . COUNTY OF..._ . ` v ` - . ~ ti f~ •.r~~ Before me personelly appeared....._._.._...---._.~....._.. •_....»..::r.,r._~..~ ' i ; and_....._..._......_ to ms waU la~orvn aad ' f 1niOw:1 to ms t0 be the.._...._....._....._~ .............PieddeAt aad~.....r..».._..............._._......__.....................................~» $aCretaT~ i f rcapectivdy oi the corporatlon ? : nsmed in the toregoing instrum~at, and known to me to be the per~oni who a~ ~ueh olIIcer~ o! sald oorporatioa. . j executed the aame: ~and thea aad there the ~aid..... ......................_._..__......_.....~...__........~,......._..»........~._md the ssld , _ . dfA aclcnowledge besore me Wst ~ald ' inatrument fs the free act and deed ot ~aid corporaUon by them respecUvalq exscuted as such o!tloer~ for tbe f purpoaea therein expreased: that ths ~W thereunto attached is the corporate ~eal by tLem fn liks capaclty d- tixed; all undnr wihodty tn them duly veated by the Board of Dlrectors oi said corpontloa. WITNI~',88 my hand aad oiticlal ~eal t~is....__.... .....dsy a~..........._ 1~__.._ zs~3s~ . FILEO "'~~~K~ED Notary Public 1n and in* ST. i.l3C1E C~)~:HT!' FtA. the Crnmty u~d State Aforssatd- AGGL=. : Js'?AS ]~y commfesioa e:pin~: ' CIEPK C ~::.UiT COURT pc~~;~ _ vf . ~D - ' ~ ,lu~i 8 f 3a PN T3 . t) R aoo~~1~J rncf ~ - . ~ ~ . i r ~ ~ ~ ~ ~s ~ ~ r -sr~.r ~'F s ~ ~ -~`^z-~ :>-x.,;"a°'~ v. ~ ~ ,r~ ~ ~ ' ~ _ . - . ..a _-.yr-~"`~~R`~4 -S'~?~P ~..x r:.~.a ' ..-rr . „g~TM,, . ~ . ~ d .-.~v. ~ ~'",VS.