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Home My WebLink About0595 JUl ! 1 19~1 . ~ . ~ ~l R CiRC Qq~T ~ _ RF..4Rp VERif1E0 ~ ' ~bv IS 9 09 ~M'n ~ . , 3bi4515 ~ 0 shall ~ve tM option w e+s~eive aod apply tM sams on aaount oi t6e indabtednea ~eeured 6e~? or to pKa~it ~ s~id Mo~tg~gor to reoaive aad uss it or aeqr part t6enwt tor ot6er purposes wItlw~t thereby waivlos or ~ ' apr e~tcr. tiea or right under or by ~~irtus of tliis mo~tgagec aad in tGs even! nid Mortaaaor s1aU tor aqp rs~~on ~ tail w teep che said p~nisss ao insu~ed. or tatl to de4ver pe~omptU? aq~? ot nid Polie~s ot iasunoo~ to Mid Mo~cs.~ee, o~ r.il p.-omptty to wr tull~? .nr a'e~ue° tl~fa. °r in aW? rs~peec tail co pertam aiscb.r~.~ ` escvt~. effect. oarplsts. oompty wtth aad abids by tl~is ooveaan~ or anp p~rt De~eof, iaid Matga~ m~~ pl~a and ~ pyr tcr eud~ insuranos or aqp p~rt thereoE wit6ont waiviag or aNeetin6 up oQtioo. t~. ~~7 0~ ef~At nnd~ ar b~ - t vi~tus ot this awrtg~ga and t6s tuU amount of each aad every s~c6 p~yn~ent ~6a11 bs immedt~teb dw aod payabis t and s6a11 bear intersst fmm We date the~eof unW paid ae the nte of ten per oeatum per annnm and togetbee with . - sncl~ intarsst shsll be aecured by t6s lies of chis aoortga~ge. i 4. To permi~ caanmit a suffer ew wasta impa~irment or deterioration of aaid p~opertY or aqp P~rt t6ee+soL ; ~ 5. '!b pay all and sing~lar the ooeta ebar6ss and ~peases. iaek~di~ reasooable l~wy~'a fees ~nd oost oE ! abatracte ot title, iacurred or paid at any time by aaid Mortg~g~ee beuuss andlor iw t6e eveot of the hDnre oa t6s ' i part of t6e aaid Mortgagor to duly. pra~opt~y wd tuUp Per[orm. discl~ar8e. ezecvte, sffeet, oomP~• ~P19 ~ ~ ~ad a~ds by e~ch and every t6e stipniatiooa ~ts. aooditioas and oovea~nts af said promiMOey not~a wd this mortgage,` any or either. and s~id oosts. c6arges and e:penses, e~eh and every. shdl bs immsdiata~r dns and ~ P~ribb. whethe~ or not thare be notica deao~nd. attempt w aolleet or suit pmdmg: and cbs t~ill amount of eKh ~ and ev~r aueh p~ymeai al~aU be~r inta~est fran t6e date thaceot unt7 paid at the nte ot t~en ~ oentnm per ' ~nnum: ~nd all a~id eosts. char6es aud e:peoees so incnrred or paid, togetbee wdtA such interesk s6aU bs secured b~+ i the Uea d this mortgage. , 1 . i 6. That la) in ths sveat of any bre~eh ot this mortgage or dei~utt on ths p~rt of tbe Moctsag~or. oe Ib) in ths ' • eveat my of said sums. of moosy 6erein r~erred to bs not promptly and fuIIy p~id within ten days n~t ~Rer ths ~ aaens aeveraUy become doe and payable.~ witlaut demand or notios. ar kl fn ths event e~ and every t6s atipaletioos. agreements. eonditions and oovenants of s~id ptomissory note and tbis moctgage. any oc eithec. at+s aot dob. P'~!' ~~9 P~~~ diselu~rged, e~ecuted. eHected. oompleted. oomPbed with md abided by. tbao. in eitbr - cr any smeh ev~~ t6s said aggeegate snm meatiooed in said praniseory note then r~nainin8 nnPaid. with inte[est aoQUed. and all monsys secured hereby. s6all beoome dne and p~yabie factAwith. ar the~eaker. at tLs option d nid Mortgagee. as fiilly and oomp~teiy as if all oi t6e said wms of nomey were a~iginally etipulated to be p~id on aneh day. anylhing in said promisso~y nota ~nd or in ttis noo~tgage to tbe oontrary notwithsunding and tberenpo~ or t6ereaft~er at the option of aaid Mortgagee, wltboat aotioe ar dam~nd. auit at law ar in eqaity. t6eretofore. ar tbere~fter beg~n. may be proa~nted as it all moneya sec~ued 6ereby 6ad matured prior to its institution. 7. lbat in the event that at tbe beginning ot ~ at any time pending any suit ~ipon this matgigs, ar to taecbse it, or W raform it, and/or w eaforoe payment of any claims baennder. said Matgages sh~ll apply W ths oomt - 6~ving jurisdictioa thereof ~or t6e appomtment o! a Taeceiver. sneh oourt sb~D fo~thwitb appoint a Reoeiv~er d s~id ~8'~ ~3~ ~e all and singul~r tLe renta inoome proflts. isw~ss and revenues irom s j ' whatever souroe derived. e~ch and every of wbieh. it - bein8 ~m~Od i~ ha~ab7 mo~t~~ed ~s if : ~ speafially aet fath and descn"bed in tLe granting and habeadnm cLnses haEOi. snd sae6 Iteoeiv~ee s6~ Lave F ~ aR the bro~d aad effective tunetions and pawer~ ia anywise eatruated by a oaut to a Reo~vet. and sueh appaMmeot # sball be made by snch ooart as an admiued equity a~ a mxttxr ot absole~tc right to said ~[oetgagee. and witbout nferenae to t6e adeqoacy? or in~dequ~c~r of the. vah~e of t6e property rncKtgaged or to the sdvener or ~sdveoc~ of said Mortgagor and/or e! the defendanta. and that such reats. P'ofits. moomR iss~es and reveaves s6~ll be ~pplied by snc~ Receive: acoording w t6e lein andlor equity of ~id Mortgu~ee and the pnttioe o[ eneh aourt_ 8. It is understood and agreed t6at this nnortgage is ~ven W se«e. m addition w tLe note or oWigattioo - above described any ~dditiond bans or fnture advanoes made wit6in tw~ty y~e~ra ~om date be~eo! by ths mort~gee W ae;d matgagors a~ny auooewo~r in titie af said mortgagoro of t6e pcopeetr herabY oon~eYed: P'o~ided t~at t6s toW nnpaid b~lance of the indebtedness secnred heraby at any a~e time eball not e=oeed the m~zimwn prn~ipd amounc ot Nine thousand two hundred seventy and no/100 pou.rs (i 1. P~ intereat tb•reoa and a~? disb~nemeats made by the mortg~gee tor t6e p~yment of t~ses. leviee ar in~ura~e on tLe property eacumb~x+ed 6ereby. with interest on a~ch disbnroementa. IN WI7T1E33 WHEREOF. t6e aaid Matgag~or has ezec~tcd !bis matg~ge ~ndet sed an the day and ye~r beeein Srst above written. ; Si~ed, se~bd and ddivered 'm the.preseace of: - (3SAI.1 ' ~ Rob rt . e - ' 1SEAI.1 _ e Y 3TwTE OF I~~1[ tiI ~ I GAp ? COUNTY OF B~$1C'!~% t+IApISTSE ' Bobert R. Belic S Betty J. Belic, his wifeof ~ ~ 15972 Steinberg Boad, Aellston, Kichigan 49689 to ms weU known aad imo~wn to me to be t6e indivi~ul.::'aistxibed in and w~a e:ewted t6e ta~+egoins iostrumea~ ~nd aejmo~wlsdged before me th~t ....6e.... e:ecated the sl~ne fat dM p~po~es tber~ein e ee~~sd. WITi~E83 my Land and of6cid sad tbu - day d 7 - ~ -No~ ~a~e in u~l~anis tee ~ ~ ~ ~ ~ . _ - , t ~ - the Coanq and &.a Atoe~id. _ ~ . . : ~y oommi..ion e~ire~ 7 -13 - 8 0 ' . . • ~ . . • _ - _ _ . _ _