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Home My WebLink About0541 ?N{ 'fhat (a) in thc r~~ent of any brcach of thi, uiurl~;aKe or de(ault un thr ~~art o( thr \~c,rtKa}~ar. or (b) in the e~ent any ot .aict sums o( money herrin re(e~recl to be not promptly and tutl~ paid within~da~s next aRer tlir same ~e~eralh• be- came due anct pa}able, N~ithout ~lemand or no~ice, or (c) iu the evrnt e:uh ~nd r~~en• ihe .tiNula[ions, aKrecments, ce~nditions aiid coveuatus o[ said protuisu?r,l' note and this mort~;age. any or rither. are not duly. pr~~mpth• and (ullp Ner[ormed. dis- ~ char~ed, exe~uted, e((eaed, completeei, complie~l with and abided b~~, then, iu eithe~ or au}~ such even~, the said a~re~ate ~ sum mrntianed in said promissory noce the~~ nmaininR unpaicf, a•icl~ i~~terest accrur~l. and :?11 muueys ~ecured hrreb~. ,hall brc~~mc due and pa~•able (orthH•ith, or therealter. at thc op~iou u( ,aid ~1ort~a~;ce, as (ull aud tompleteh~ ai it aU ~>f the said sums of money were originally stipulatecl to be paid on such day, anything in said promissory note, andf or in this mort- ~:~Re tu the contrar~• notwith+taadii~R: aud thereupon or therea(ter at tlie optioti of saicl \inrtyafiee. ~cithout notice or de- mand, suit at la~ or in cyuin•, thetecofore, or thereafter ber{un. cna~• be pn~srcut~•d as ef aU mnne~•s sccured I~ercby had matured prior to its institution. ~ ~ 9~ }Q~( That i~~ the e~•ent [hat at the beRinnin~ o( or at any time pendinK an? suit u~wn ~hic mort~a~e, or tn foreclose it, or to retortn it, and/or to enfotce payment of any claims heteunder. vzid \tu~t~afiee shall apph to ~he court ha~•inR juri:diction thereot [or the ap~in~ment oE a Receiver, such court shaq iorthwith appoint a Receiver ~~f ,aid monRaRc~l property all a~~d - sin~ular, ineludioR all and singular the reuts, it~come, pro[its, i.suec and re.~enues from whate~er ururce clerived, each and ecen• of H~iich. it beinR expre.sly~ i~nclersauxl, is teereby mortRaKecf as if spetificaUy sct for~l~ and dexTibed in the Rrar~ti~~R and habendum cl~uses hereot, and such Receicer sliall ha~•e all the broad aud etfecti~e tunctions and powers in an}~ise entrustect b~• a court to a Re~eie•er, a~~d such appointment st~all be m:?de b~• ~uch court as an admiter~i ee~ui~y auel a matter oE aba?lute riRht to slict ~(ortRaRee, and without refemnce io the adequacy or inadeyuacy oE the ~alue of thr pro~ert}• mort- ~n~eY) or to the x~l~•enn or inu,l~ent~~ u( c~id ~(nrt~{aKor anil'ar of thr defenda~~tc. and that .uch reut~. pro~it.. income, i:- sues and re~•enues shall be applied by cuch Recei~er accordinR to the lien aud;or ec~uit~• ot ,aid \lortga~ee a~id ~he pra~tice oE such court. scribect any additioual loans or [uture advances made Mithin tN•ent?~ ~~ears from date i~creo( b~~ thr mor ortga- Rors or an}• successor in titte af saiei mortRay;ors of the pmperty hereb~• com~e~~ect: roi•' otal unpaid balance ot tl~e indeb~rdnesc secured hemby at any one time shall no • xtmum principat amount oE • - - . _ _ Dollars - plus interest thercon and any disbursemcn c mortgaRte [or thc pa}•ment oE taxcs. [e~~ies or insur.?ncc on thc propcrty encumbered hereby, I\ t1'I7'~ESS ~VHEREOF, the said \Iortga~ot has rxccutecl this mortgage uncier seal on the day aied ~ean c~rein first aboce written. ' Sigued, and deli~•ered in the presence oF: a _ - . _ . _ . ~ ~SEAL) RL F. E CK N W' liam en er, II., individually -~r~l_~C.,~. and as Cotrustee " BARBARA A. B R ~ ~ ' ~-~~V?• ~ ( SEAL ) , sraTEOF..MICHIGAN H. Berkey, in ividually and - . - COU1T1• oF 4AKLA~IQ_ _ . _ ` as Cotrustee Be(ore me personally appeared _.__W.ILL~AM J.. DENLER~_._II _and JON H. BERKEY ~ individua~}.1y ~asrd as Cotrustees, ~ u•r - - - - - - - - - - - - - . - .l~ ~"""f..,~ to me,tieel no~f ~~drkitowci to me to be the individual describeci in arid who eeecuted the loregoing instrumeut, and ackri ~pcTge~:be~ e.~e~hat ~•he y executed the same for the purposes therein expressci. ' . ' : ~1~'NE.Sb'~ay~}~aek~ and o[ficial seat this October 7 3 ; - 1- da~~ oi - - - _ - - , 19 - _ - • . . ; - ~ • q ! --z : 7 ` . ,.ti-- - - - _ . . . i :7: r- ; ~ : ' : ' - ~ - - - - _ ' ~ ' • Public in and for i ~ ' . , r ` • i , tl?e Count}' a~ui State Atoresaid. ~ ' • . • ` ; C;;:~ '~.~~~~'c~ 11}• comroission expires: Apri l 2 3, 19 76 . ~ ,'''''~,n~~~,•tr~~~~ ~ ST~TE OF - - - - - - ~ ' COUtiTY OF - - sc. t ~ ~ ` Before me personallp appeared - - - - . - - - - - - - - - - - - f and - - - . - - - - - - - . tn me well known and ` known to me to be the . President and _ Secretarv - - - - _ _ _ ; respecticely o[ . - - - - - - - - - - - - . - . the corporation , - - - - named in the foregoing instrumene, and known to me to be the persons Nho as such of[icers of said corporation, executed ' the same; and then and there the saed and the said ~ did acknowledgr befon me that uid ! instrument is the free act and deed of said corporation by them respecti~~ely executed as such o((icers Eor the purp~ses there- i?i expressed; t6at the seal thereunto attached is the corpotate seal by them in like capacity aEfixed; all under authorit}• in - them daly sested by the Board of Directors of said corporation. ~ WITNFSS my hand and of[icial seal this day of - _ _ 14 ; Fit~ r, sk: ~_G;~+FLA. . = yt. ~u r. AS - - - - - - - L - ` ' ~ ~^^~~RT lt Nowry Public in and [ot Clcar,''.;:~:., the County and State Aforesaid. qc~;^F.i~ ~F~ ~::.u . A~y tommission expires: ~ Oct C6 10 52 AN'7 3 26,~~93 pRc~ b00A IG2O DAGf 5~, ~ - F , r r~~ ~ `r ' _ ` ~ ~'~a' - _ ~ 6 F . , . ~'~,z-~~°"~ : ¢ ~aa~`~~