HomeMy WebLinkAbout0825 _ . ~ ~
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or to ent of a' '
Pri ry ~udirt~eat eafo~+cin= tl~a Mortpge if: (a) Borrawer pays Lender al~ sums v~ich would be tben due uoder ;
this Mortpse, tbe Note and nota ~ecurin` Future Advances~ i[ aoy. had no aoaluation occurrod; (b~ Borrowe~ cura ~
all braches of any otber oovenanq or asroements ot Borrwve~ containod ia this MoN~a=e: (c) Borrower pajrs all rasonable ~
expensa incurred by I.eode~ ia eatorcia~ the oovenagts and sgreements of Botrower contaiasd ia this Mortaa~e and in
enfonia= L;eoder's nmedia ss provided in paraaraph 18 hereof. includina. but not limited to. rcasonabk attorney's fea: and i
(d) Borrower taka such ution as l.ender may rtiasonably roquire to a~urc that the liea of this Morttaae. Lende~'s interat
in the Property aod Bon~ver's obtigation to pay the surtu secured ~y this Monaaae shall continue uaimpaired. Upon such 4
payment aad cun by Borrnwer~ tlus Moripge and the obligations sxured hereby shall remain in full foroe apd etfect as if E
no aocekration had oocuned.
20. As~se~t ot Restr A~poLitse~t of Recetrer. As additional security hereunde~. Borrower hereby usig~s to
Lende~ tbe centt of the Property, provided that Bort+~wer shall. prior to aooekntion under paragraph 18 hereof or abandoa-
ment of the P~operty, have the right to colkct and retain such r+ents as t6ey become due and payabk.
Upw~ ~oderation under pangaph 18 heroof or abandonment of the Prop~rty. I.endsr :haU be entitled to have a
receiver appoiated bp a court to enter upon. take possession of and manage the Proptrty and to collect the nnts of the ~
Property. including those past du~. All rents collceted by the reoeive~ shall be applied tirst to payment of the costs of ~
managemeat of tbe Propertp aad colfection of rents. including, but not limited to. roceiver's fas. premiums on receiver's f
bonds aad reasonabk attorney's fas, and then to the sums secured by this MoNgage. The receiveT shall be liable'to account
onty [or those rcnb actwlly received.
21. F~re Ai~a~eea. Upon request by Borrower, l.ender. at Lender'r option within twenty yeus from the date of this
Mongage~ may make Future Advanoes to Borrower. Such Future Advances. with i~terat thereon. shall be secured by this
Mortaage when evidenvod by promissory notes stating that said nota are socurod hereby. At ao ~'me shall the principal
amou~t of tbe indebtedaeas securod by this Mortgage, not including sums advanoed in aooordancc .xnwit6 to protoct ttie ;
security of this Mortgage. exaecd the original amount of the Note plus USS.'.------------------------------- ~
22. Rdara Upcln paymeot of all swns secured by this Mortgage, Lender shall rekue this Mortgage without chargt
to Bormwer. Borro~ver sball pay aU costs of recordation. i[ any. #
23. Attorsey's I~ees. As used in this Mortgage and in the Note, "attorney's foa" shall include attorney's fxs. if any. !
which may be swardod by an appeliate rnurt. ~
IN WITNESS WHEREOF, Borrower has executed this Mortgage. ' f
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Signed, sealed and delivered ~ ~
in tbe Dresen~e of: ;
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~i~ ~e~ a c o.J . . ederick . ~ Mc~e ~
ct?,~?~. . . . . . (Seal)
~oerower
. . . . . . ~,~J1'~~•~J . . .~i. .~.1.i`~'~~~`.--. . . . . . .cs~,
~ G' fli~
~ s~ri nr ~ J~ 7' l2 ir w~~ ~ Ann M. M~erm~tt • -~o.row.. i
$TATE OF ~f1l) dWiil~~ . ~~I~N ~ . . . . ~a k ! a ~ C~. . . . . . . . . . : COUIIt~? SS :
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I hereby certify that on this day, beforo me, an oH'icer duly authoriz~d in the state afore.said and in the county
aforesaid to take kno ments, personally appeared. F`rederick _T; . MeDernmott_ and Ann. M.. '
..MeDernottj. ~i.s to me lcnown w be the petson(s) described in and who executed the
, foregoing instrument and acknowledged before me that ...~h~y. executed the same for the purpose therein ;
expressed. -
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WtTtvESS my hand and official seal in the county and state aforesaid this. 1.9.~h ....day of ~ q
` ~ October .,19 77 ;
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j My Commission expires: -
~ « I~.IIpE~LOlIIIIn f ~ . . . Notar~? Pub~ie . . . . . ~ . . . • . . . . :
lbOCER PDiT8~5 ~u: s:~. v '
C! =RK. ~:RLUtT CCUR ~
- . - r,-•r~ f Il. KEITH DEACON _ - : =~i
Notary Public Oa~land Counry. Mich`~:•"
~ Zo ~ 2 A1 Ac6ng in Wayne County, Mich. ~ ~
My Commission Expires May 25~ 198,$ :
382690 ~ . . . t~.
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(Sp~oe Bllow This lin~ R~s~rv~d Fw lenda snd RetaOeh ;
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