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Home My WebLink About0898 c_- F - F ~ ~ ' ; ; f . ~ . ~ ct RK ~C~ ~OIIR! ,,{~I. ~ i T AT E u v _ i i, r~; c~_ vrREr~to_..._,._.,~, ~ (;QLUMEN ~ . . - - ~ u~ •iF ' ~r" 3i.vEN;;~ ~ « - . u~ ;~~-,~~,t~t.~: 0 5. 5 5 i 1 11 ~s PM'1'~ • ~ ~ ~p _ Pe. - ~ ~ , : ~ ~ - - - ~ - ~~5~~ ahaU have the option to receive ~ad apply the eame on aooount ot tl~e jndebtedas~s setured hsreby or to psrmit said Mortgagor to receive and uee it a~ny part thereot tor otl~ purpoese witl~out tl~ersby waiviag or imp~Iring any equity, lien o~ right under or by virtue ot this nwrtgags; and in tM eveat s~id Mortgagor shall foe aay ~soo fail to keep the said premises eo ineured, or tai! to deliver pwmptly aay of s~id policies ot inauanoe W said Mortgagee. or tsil promptly w psy tuUy any premium thareior. or ia any re~pect fail W perfaro~, discbargs, e:cute, eftect, compkte, comply with end abide by thts covena~t, or aay part hereof, said Mortgages may plece wd p~Y for such inaurance or any part thereof without waiving or aftecting ~ny optaa. liea. equity oe rig~6t nnder or by virtue ot this mottgege, and the tuU amount ot e~eh and every such psyment shaU be ima~ediately dus aad p~yabls and shaU bear intereat trom the date thereof untll paid at the rate ot ten per centum pa annum and together with sucA intereat shall be secured by tl~e lien ot this mortgage. 1. To pe~mit, commit or aatfer no wa~te, impainnent or deteriontioa ot said property or any p~rt thereof. 5. To pay all and singulu the oosts, charges and ezpensas, including ee~sonabb I~wye~'s tees ar~d oost of abstracta of title, incurred or paid at any time by said Mortgagee becauee andlor in the aveat of the tailuro ~ t6e part ot the eaid MoKgagor to duly. PromptlY aad tully perform, diecharge. ~ecute. eftect. oompiete. oowply with u~d abide by each and every tbe atipulatioas, agreementa, ~nditione and oovenants of said promissory aota, and this mortgage, any or either. aad eaid casta. clurges and ~penses. e~ch uid every. shall be immediately due and psy~ble, whether or not there bs aotioe, demaad, attempt w collect or euit pending; and the tull amount of e~eh and every such peyment ahall bear interest trom the date t6~eof unt~7 paid et the rata oi tea per oentam per annu~a: aad aii r~ cosi.s, ci~argea sn~ ezp~ so incurred or paid, togeiiur with auch jnterest, ehaU be eecured by the liea of this mortgage. 6. 'ibat lal in the eveat of any breach of this mortgage or deta~ilt on the part of the Mortgigor. or (b) m ths ~ • event any of aaid suma of money herein referred to be not promptly and fully paid within ten days ~t after tbe aame eeveraUy become due and peyabk, wit6oot demand or notice, or in the eveat each and every the stipulations, a8reements. conditionn and covemnts of aaid promissory note and tbis mortgage. any or either. ara not dnly. promptly and fully performed. diecharged, e=ecuted. eHected. oompleted, oomplied with and ~bided by. th~. ia e9ihec or eny such event. the said eggregate sum mentioned in eaid promissory note then remsining unpsid, with interest accrued. nnd nl! mos~er` `eaes~ her~esy. slsa~! be~a~ dua and payshla forth~th. :,r thereafter. st t6e option of said Mortgagee, a~ fuUy and completdy aa it a11 of the eaid sums ot nomey were originally stipulated to be p~id on auch day. anything in aaid promissory note. and or in this mortgage to the cantrary notwit6standin~ and tha~pon or theresfter at the option of asid Mortgagee, without notice or damand, anit at l~w or in eqnity. theretofore. or theresfter begun. may be pro~ecated sa if aU moneya secured hereby had matured prior to ita - institution. ' 7. That in the event tluit at the beginning of or at any time pending any auit upon this mortgage, or to foreebx it, or to reform it, andlor to ento~ce payment of any claims ~nder, said Mortgages ehall appty to the caurt hsving jarisdiction thereof for the appointment of a Receiva, snch caut ahall forthwith appoint a lteoeiver of said ~'•a~~ Nj~W~3 a~ :~ni singulu. including all and aingulu the reata iaoome profits. iasues and revenues from wiutever souree derived, eech and every of which, it being expressty understood ie hereby mortgaged as if apecifically eet forth and described in the granting and habendum clauses hereof: aad wch Iieceiver aha11 6sve ; all tLe brosd and effective (unctions aad powers in snywiae entrueted by a oo~ut to a Reoeiver, and sach appointment i e6a11 be made by such court as an admitted equity and a matter of absolutk right to aaid Mortgagee, and witbout i reference to the adcqwcy or inadeyuacy of the value oi the property mortgaged w to the solveacy or insdveacy ~ of said Mortgagor andlor of the defendante, and thet auch rents, pro6ta, income, issues and revenuee s6aII be a~ptied l by such Receiver according to the lein and/or equity of said Martgegee and the practioe of suc6 oaut. ~ 8. It is underatood and agreed that this mortgage is givea W secure, in addition to the note ac obtigation above described eny ndditioml laans or tuture advances made within twenty yearo from date hereof by the mortgagee ~ to s~aid mortgegora or any succeasor in title of a~id mortgagors of the property 6ereby eonveyed: provided that t6e ~ amoant ot~ HREE THOUSAND~SIX H N RED EIGHTYy "°t °eed ~6e ma~mum Ii 1. plus interest tbPreon and an diebureemeata made b the ~ 3~~O• Y y mortgag~ee for the payment of tues, levies or in~ance LK; ^..^.:~~:L~ ~:GTC~j'. ~S~.~i :L:ow~ vu a~ii~~ wa~iiurbe~nent.s. w IN WITNESS WHEREOF, the said Mortgagor haa ezecuted this mortgage under sed on t6e day and year herein firat above written. ~ ~ Signed, eealed and delivered in the presence of: ~ ~ J n . Ke ISEAL) ~ 13EAI.) _ " srn~ oF ~i~X Fl ori da andra J. Ken ~ coox~rsr oF s~4ifllXldfl~X Lucie ~ Before me personally sppeared John J. Kennv and Sandra J. Kenny, hi s wi fe of 11691 ~ ~ Pleasantview Dr., Pinckney, MI. 48169 ~ ~ z~; ; to me ~seU Icnowe and Imown to me to be the individuaL~ desc~'bed 'w and who ezecuted the foregoing inatrument, . ~ and acknowledged before me tbat .~he.Jl e:ecvted the eame for the p~upoeea therein e:preesed. r ' ~ WITNESS my na4a and ar~.~ c~s 7th ~ Apri l ~i 43'.t'`'* ~:.1 ~ y of ~<<.;:_; .~y' < ~ ~ ~ • J -0 tary Publk in and or . ~1 the County and 3tate Atorea~d. . ' i-:' ~ f .y",, • ~ ~ k 269 P~iF Q(~ My oommisswn ezpves. " ~:~i~~ t . . BOOK ~~7V 9_ a 6-~t~ ~ 1 ,~s s _ r _N , ~ ~