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HomeMy WebLinkAbout2682 ~ fi. '1'hat (a) in thc event o( any breac(~ of thi. mortKage or cle(autt un thc pa~t of thc ltortga~~?r, or (b) in the ese~u any ` ot said sums ot moncy hcreiu re(ertecl to l,e not rom tl and (ull ~aid M•ithin ~ P p Y y F L~2_da~s ncxt af~cr thr wme u~•erail}• bt- come elue and pa~•able, without demand or notice, or (c) in the e~•e~u each and c~~ery the ~tipulaiioi~c, aRrcements, muditions and cove~iants of said promisw~y note and this mnrt~;aRe, anv or ei~hrr, arc uot duly. ~,r~~mp~h• and fully pertormed, dic- char~ed, exe~uteel, effected, completed, complied ivith and abi~leel In•, ~hen, iei eithrr or arep cuch e~•eu~, th~ v~id ap,Rre~ate sum mentioned in said promicsory r.ote then remaininR unpaid, w•iih ii~tere~t accrue~d, and ;,11 mouey~ ~ecurrd hercby, ,hall becumc due aud p~~~ahle [orthMi~h, or therea[ter. at thc op~ion n( .aid ~lortgafirr, as full and c~m~,leicl~ as i( ~II of the said sums oE money were originally stipulated to be paid on such day, anything in said promissory note, and for in this mort- R~~{e to the contrary natwith+trndinR; anc! ther~u~x>n or ther~after at the ot,tirn~ r?! ,:iid VortRa~ee, without i~utice or de- mand, suit at law or in equit}'. themtofore, or therra(ter btRun, ma~• t~e procrrutrd as i( all m~nevt secured hereby }iad maturtcl prior to its institution. ' 7. 7'hat in the evenc that ac the bcRinninR oE or at any timc pendinK any suit upon chi~ m~?r~~a~c. ~r (nreclose it, or to reEorm it. and/or to eniorce payrpe~t o[ any daims hertundcr. ~aid \1ort~;aRce shall appl~• ro ~he cour~ harin~ juriKliction the~cof for the app~~intment of a Recei~~er, such court tnaii fortha•ith ap~x?int a Receicer of ,:+i<! m~,r~~Ga~rd prnperty all and sinRula~, indudinR a!! and sinRular the rentc, inco~ne, ptofits, i~suea auJ re~•rnues [rum whate~er u~urce derived, each and e~•ery of M•hich, it beinR expre.cly u~iderst~xKf. :s hereby mottRaKcY1 as i[ speti(ically set (oril~ and dexribed i~i tht ~ranting and habendum clauses hereot. ai~d cuch Re~civer sl~all ha~•e all the bruacl and e[(ecti~~e (unctiou. and poNers in amwise entrusted be a courc to a Recei~•er, anct such ap~intment shall be made b~• .uch c~art as a~~ ,am~«~i e~p~it~ and a mat~er of u=i3i)iiilC' ~i~~L ~~i S:til~ ~~clTt~3j~tC. .-~iiit tri~}itliit T.~CiCiit'C itl ~~2C .'St~i~t2~L1' Oi :..1:~^;i!!3('4' rT~ !F!!• \'~~!!P (}1 ~h1~ f1TfN1P~/C Ytl(lf[- R,~ed or ta the v~l~•ency or ina~kenc~ of s~iil \tort~n{;~~r and Jor of the defend:intc. and tl~:~t .u~i? rent.. ~,r~~fi:e. iiicomr. i.- suec and recenues shall be applieel b}~ .uch Recei~•et arcordinR to the lien and;or equit~ ot ~:~id \fortga~ee aud ~he ~ractice o[ such court. scribed any additeona) loans or tuture adti•anres made within tx•ent?• }•ears (mm date hcieof b~~ the m~~r~ ~~.~er~ffmortga- Rors or any successor in title of said mort~;a~;on of the propert~ hereb~ con~•ececf: pro~•i • ~e total unpaid balance oE the indcbtctilness securecl hereby at any one timc shall not ma~imum principal amourit o[ - . - Uollars (S . plus inrerest thcreon and any disbursemcn t~e mortfiaqce tor thc pa}•ment oI taxes, levies or insurance on the property eniumtxred hereby, 11 l1'IT\FSS ~i'HEREOF, the s~id \IortRaRor has executed this mortgaRe uncyer seal on the d~?and year herein (irst abor•c written. • Si ned, sealed and deli~•ered in thc presence of• ~ t~ ~ --ca2~. - ~ - Ang F rina ~ ' j - \ ' n~ / _ , . -~-G-- f~ r ~~Cc ; C~.~~~ ''l ~ M. Jose a Farzna STr~TE OF _ _ MICHIGAN - - GOUITY oF .OAKI,AND. s`~ Before me personally appeared ANGEL FARINA and M. _ JOSEFINA FARINA~ his. Wife ~ ~S~,rne~v~ L know and known to me to be the indi~•idualS. describert in and who executeci the foreqoiug instrument, and .:t•~~*wM~gec~•before me that thell executed the same for the purposes ti~erein expressgd. ~'%31?IT~~PSS my hand and official seal this 31st ~a.• October- _ . 197.3-- . . , . ' ~ - ' . . . , . C' • ~ • ~ t~ptai~y Seal ) lntar}• Yublic in and for y'=; che Count~• and State Atotesaid, ' , ~ ' ~1} commission cxpira: ~j~ ~ ~~76 f • t I COUNTY OF Ss. Refore me personally appeared _ _ • , • - - . - - _ - - - - - ~ and _ _ _ . . - - . - _ - . _ , to me wdl known and . known to me to be the ` - - Presec~ent and - Secrctary ' respecticely of . - _ - - - _ _ . , the corporation ~ named in the [oregoing instrument. and known to me to be the persons who as such o((icers o~ ,aid cor~x~ration. execured the same: and then and there the said - _ - . and ehr said ' did acknowledge befon me that said instrument is the free act and deed of said cotpotation by them respecc;~~ely executed as such officers tor the purpcnes there- in expressed; that the seal thereunto attached is the corporate seal by them in like capacit}~ at(ixed: all under authorit~ in them duly vested by the Board of Directon oE said corporacion. _ ' WITNESS my hand and officul seal this - day of . _ - . . _ _ . . , 19 . _ - - - _ . - - Notary Public in and for the County and State A[oresaid. My rnmmission expircs: 80GK ~~0 PAGE26 I~