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Home My WebLink About0974 < KL~CHRitEO ~•11K1E ~ CN ROCER AOj~RAS Ct FRK ~t~CUIT ~~~r T f I~ - , F,, o OEC 18 8 29 AH'1T ~~~~U~~ ~3~ '726 ehsl) have the optbn W n~ceive ~nd apply the same on accouat of the ie~debtednsss escured Aereby.~ to permit uid Mortga~ to receive snd ux it or any part thereot for other purpoeee wnthout thereby waiving or imp~iring any equity, lien or right under or by virtua ot thie mortgage: and in ths event eaid Mortgagor ahaU tor ~ny re~eon tsil to Iceep the s4id premi~ee so insured. or taii to deliver promptly any o/ eaid policiss ot insuranoe to said Mortgagee, ot feU promptly W psy tuUy any promium thetefor. or in any respect fail to perform, discturge, ~cute, eftect. eomplete, eomply with and abide by this covenan~ o: any part hereof, edd Mortgagee auy plaos and p~y tor auch in~rance or any put thereof witho~it waiviag or affecting any option, lien, equity or ~ig6t under or by virtue of tAia mortgage, aad the fuU amount of each and every auch psyment shall be immedietely due ent! p~y~ble and ahell bear interest from the date thereo[ unt~ peid ~t the nte of ten per centum per annum and together ~rith sueh interest ahsQ be aecured by the liea ot thia mwtgaga. 4. To permit, commit or suffer ra waate, impsirmeat or deter9ontioa of said property or say part thereof. S. To pay aU and ~ingulu the aoats, charges and e:pensss. including re~eonabb lewyer'a fees and oost of abetncte of title, incurted or paid at any time by said Mortgagee because and/or in the event ot the tailwe on the p~rt ot the said Mortgagor to duly, promptly and [ully pe~rfor~n, diaclwge, ~ecvte, eftect, oomplete, comply with rnd abide by e~ch end every the atipul~tions, agreea?ents, rnnditions ud oovenanie of said promissory note, aad t6is mortgage. aay or either. and said coete, chargea aad e:{ienses. esch and every. sAall be immediatety due end payable, wbether or not th~e be notice, demand, attempt to ooUect or euit pending; and the fuU acnow~t of eech and every auch payment ahall beu inter~at from the date thereof unW paid at the nte of ten p~ centum per aanum: and e11 ~aid cosfa. chargee and ~penses so iacurred or paid, togethe.r with ~uch iaterest, ahaU be aecured by the lien of thi~ mortgage. 6. That Ia1 in the event of aay bresch ot thi~ mortgage or detault on t6e part of the Mortgigor, or Ibl in the ~ • event any ot said auma of moaey herein referred to be not promptly and fiilly paid ~rit6in ten days nest aft~er the s~me severally become due aad payable. witMut demand or notice. or Icl in t6e event ~ch and every the stipulatione, agreements. conditiona and covenants of aaid promiasory note and t6ie ciwrtgage, sny or eit6er. are not duly. Pro~P~Y and fully performed. diacharged, ezecuted. eHected. completsd. oomplied with and abided by. the,n. in ather or any auch event. the said sggregate sum mentioned in aaid promiaeory note then remaining unpaid. ~rith inteteat ~ocn~ed, and aU moneys secured bereby, sMll become due and p~yable fathwith, or thereafter, at t6e optioa of aaid Mortgagee, as fully and completely as if all of the said aums of nomey ~vere originally etipulated to be p~id on auch day. anything in said promi~ory note. end or iu thia mortgage to the rnntrary notwithatanding: and thereupon or there~fter at the option of aaid Mortgagee, without notioe or damsad auit at law or in equity, theretofore. or thereafter begua. may be prosecuted aa it aU morny~ secured hereby hed matured prior to it~ institutan. 7. T6et in the eveat that at the beginning of or at any time pending sny suii upon this mortgage, or W forecbse it, or to r8farm it, andlor to enforce peyment of any claime he~reunder, said Martgages ahsll apply W the rnurt having jurisdictan t6ereof for the appointment of a Receiver, such oo~ut shall forthwith appoint a Receiver of aaid ; ~~8~ P~P~Y all and singular. including aA and aingular the renta income prot~te. iaauea and revenuee irom ~ whatever ~ource derived, esch and rvery of which, it being ezpressly understood is hereby mortgaged ae if ~ apecifually set forth and described in the granting and habeadum clsu~es hereof, and such Rsceiver ahall have ; all the broad and effective fuactione aad powers iw anywise eatnisted by a aourt to s Receiver, and snch appointment ~ ~hall be made by such co~ut aa m admitted equity and a matter of abeolutr zight w said Mortgagee, and without ~ reference to the adequacy or imdequacy of the value of the property nwrtgaged or to the solvency or ineolvency of said Mortgagor andlor of the defendante, and that auch rents, proHta, income, i~aues and reveaues a6all be applied by auch Receiver acoording to t6e lein and/or equity of eaid Mortgagce and the practice of auch oonrt. 8. It ia understood end agreed that thi~ mortgage ia given to secun, in addition to the note or obUgation sbove deacribed any additanal toans or fut~re advances made +vithin twenty yeare irom date hereof by the mortgagee to aaid mortgagors or any aucceasor in titk ot said mortgagors of the property hereby conveyed: provided tbet tbe total unpaid balance ot the indebtedneas eecured l~ereb a: sny one ' ehall e:oeed the ma~cimum principal amount ot EIGHT THOUSAND FOUR HUNDRED ~ORTY TWO ~8442.00~--------------- -pouara 1: 1. plue intere~t t6Preon and any diabur~menta mede by the awrtgagee for the peyment of tues, levies or insurance on the property encumbered hereby, with interest on ~uch disbursementa. , ~ IN WITN WHEREOF, the ~aid M gor haa e:ecnted thia ~aortgage ander aeal on t6e day and year herein first abov tten. S' ~ "r ~ ISEALI ~ Ge e A. F4oeks a., ~ • , c.+ ~ . ~ . ~ t{SEALI . ~ sr ~ oF MICH S~rley A, . kstra ~ courrrir oF a~cx~~~~axKE~T ~ Betore me personaUy appeared f~Qrge 1'1_ Iloel~tr~ f3 Shi r-y I~oelc~tra (hi ~ wi fe~ ~ 1024 ,(Ynress ~ Tenison, i i g~n 49428 ~ ~ W mt. aw11 kaown ~nd Imown W me to be the individwL.. deem'bed in and who e:ec~ted t6e toregoing instrumet?t. ~ and a~icn~~fetlged before me ttut ....be_... e:ecvted the same for the piuposes therein ezpreesed. ~ ~ ~ 12th December 77 ' ~ WI1'N~$3 my hand and officisl eeal this d~~ of 19 ~ , = ' f,,' _ = ~ . _ ~ _ • ' - ot~ry Pab in and for Ir ~ _ tbe County snd State Aforeeaid. ~ ~ . . ~ 0 R My oo . p ~ ' ~OOK ~ 9~ f(NTNR~~~. ^ ~ . 1'1otaQ1 PubliG Kent Couniy. fAich. `D ~ u., ~~m~nission pxPires Jan. 7, 19/8