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Home My WebLink About0566 e pAM d~y x L ' iy ~i~uc!4t.t~ 4~~ ~lJRiE ~OV~I~r ~ ~~•~~~oIIM't~r ~ ~ OijrR P01 RAS OC A PAtTRAS ~ ~'~.E:~x ~?:;CUIT CCU~' ~ CI ~•r. ':iCU+T C~!~ .T _ . . . t. F , . ~ ~J • ' c ' c : f. 0 - - Jty 10 3 sa PM'7P D.c 30 8 27 ~N'1T ~9~2~;~ :i~~24~ shaU have the option [o rc~~~ic~• and appty the sa~ne on acruunt ~~f thc indc•bte~inrxs vecured hereby or to permit said \iortRaRor to recrive an~i u~c~ it o- am• pHrt tht~rc~c~f fur othrr purposes w•iLh~ui thereby waiving or impairing any equity. leen or riRht under ~~r hy ~•irtue ~f this morttin~r: and in the e~•ent vaid ~1oitKa~or shaU tor any rea~on fail to keep the said premises ins~nrl. ~u fail to drli~~•r pro~npth• any ~f said pnLcie.s ot insurance to said MortRa~;ee, ar tail prompih• to pH}~ ful1~• an~• prem+um thc~mfor. ~r in an~• rFSpect fail to perfotm, discharge, e:cute, etfect. complete, cumpiy with and :ib~dr by this co~~enant. ur cim~ part hFreof, said !NortRagee msy place and pay for such insurance or anr• part ;hrrcr~( withuut w•ai~~inK or at(rctin~; ~m ~~tiun, liPn. equity or right under ot by ~ ~~rtue of this mortRaRe, and the fuli amounl of each and ecer~• cuch pa: nn~nt shnll !x~ immediately due and psyable and shaU bear intemst from the date thenv,f until paid at t`~e rAte ~f tr:e ~~r centum pcr annum and toRether with suc6 interest shell Ae cecured by ti~r li~~n of this mortR+~Kp~ 4. To permit, ci~mmit or suffer nn w•aste, impeirment or ileterioration of u+id propert}• or any p8rt thereof. 5. To pay all and sinRular the cust~, charRe9 and ezpenses. includinK rrau~nable lawyer's fee~ and cost of abstracts of title, incurred or paid at an~ time hy said lfnrtKa~n~ becaa~~ andior in the event ot the failure on the pert of the said ~tortKaRor ta duty, prompth• and fulh~ perform, diccharK.. ea~ute, eftec~, complete, comply with and abide by each and every the stipulations, aRreements, conditians aad ~orenants of said promissory note, and this mortEteqe, any or either, and said cosis, charKes and e~perses, each and every, shaU be immedietely due and payable, whether or not there be nrtice, deniand, attempt te ro11~t or suit pendin~;; end the full amount of eaCh and every surh payment chall bear intPrect fr~m the rlnte thPrmt until pa~d at thr rate of ten Qer centum per annum; and al) said costs. char~es and ri~xn~r~ so incurrPd or paid, to~ether w~th vuch interest, shall be secured by the lien of this mortKaRe. 6. That lal in the event of any breach of thiv m~rtKaQe or deteult on the part ot the Mortgagor, or Ibl in the • e~ent any of said sums of mo~e~• herem reierrrd to be not promptly and fiilly paid within ten days ne:t atter the seme severally become due and peyable, w~thout demand or notice, or Icl in the e~•ent rach and every the stipulations, agreements, conditions and covenanta of said promisson• note an~ thio mortRage, any or either, are not duly. promptly and fully performed. discharRed. execut~~. eifecteci. completed, rnmpliecl a~th and abided by, then, in either or any euch event, the said aRgreKr+tc• sum mentione-i1 in said prumisson• note then remaining unpaid, with intere~t accrued, and ell moneys secured hereb}•, shall become due and pavable f~; c~wvi:h .~r ihereafter, at the option of said i1lortgagee, as fully and completely as ~f all ot the said sums of nur_~r.~• w~ere ori~inalh~ stipulated to be paid on ; such day, anything in said promi~sury note, and or in this mo:tk-aKr t~~ the contrary notwithstanding, and I thereupon or thereafter at the option of ~aid ~tortQaKee. with~~st noti~e o• damand, suit at law or in equity, ' theretofore, or thereafter be~un, may t~ procecuted as if all :ia~~nr~- = w~cureci hereby had matured prior to its ~ institution. ~ 7. That in the event that at [he be~inninK of or at an}• timc prndin~; am .~i~: upon thiv mortgage, or to forecbse it, or to reform it, and or u~ entorce pe}~tnent af sm• claimv hrreunder. said ~7~~~rtKaqes shall apply to the court having jurisdiction thereof for the appointment of a Keceivar, sucfi court shatJ forthwith appoint a Receiver ot aaid mortgaged property aU and singular, includinR all and singufar the rents ~,:cotne profiis, issues and revenues irom ~vhatever source derived. each and e~•erv nf w•hich, it heinR e~prescl~ ~i!:3~*-~~x~c! i~ hereby mortgaged as if specifically set fonh and described in tne RrantinR and habendum clau~~ and such Receivet shall have ~ aU the broad and vffective functions and ~~wrrs in anpw~ise rntrusteci by s c~,, ri a tteceiver, and such appointment shall be made by such court as an admitccd eywty- and a matter ~f ab;nl:;t to said :4lortgagee, and without ~ reference to the adeq~acy or inadequacv of the .xlue of the proper[~• rnorttia~;rci ~~r to the solvency or insolvency ~ of ~aid HiortgaRor and or ot thr defFndant~. and c::at ~uch rPn~s, profits. ir~~r~rrx, iss~rs and revenue~ shall be applied ~ by such Receiver accordink to thr iein and or equitv of vaid ~furrKa~re and the practice ot such oourt. ~ S. It is unde~stocd and a~rc-ed thet this mort~aqe i~ Kicen tn ~ure. in addition to the note or obligation -,~"z~' ~ ebove described any additional loans or future advances made within t~ent~• ti-ears from date hereof by the mortgagee ~ to said mortgegors or am• successor in title ot said mortRaRors nf the property hereby co~veyed: provided tMt the ~ total unpaid balance of the indehtrclnewQ ses;urc•rj hrrrh~~ a! am~ or.e time shall not e~ccwd the maximum principal ~ art?ount of Dollars ~ Eight thousand six hundred twent~ four and no/100 (~8~624.00) ~ IE 1. plus interest thPrrr>n and am~ disbursemente made hp t c mo:t~aRee ~or ihe paym~nt taxes. levies er insurance ~ on the property encumbered hereby, nith intprest on such disbursements. '.s, ~ IN WITNF.SS WHERF.nF. thF said ~{ortKakor hac .~xerutc~c~ thia m~nKaKe undrr seal ~n the day and year herein ~ ~y first above a-ritten. . - ~ Signed, led d deli~•ered in presence of ` _ y / ~~~v v ~ 15EAL1 ' ~ ,~Gt1Q ~ti _ . LL `~~1~r [ / {..L_ - X_ ~ . e ~ ' ~ ' ISEALI Carol G. Peet = s~ATE oF ~Xl4~~SXMichi~qan = coux~rv oF~~~Ei4 Kerit E ~Jr. , . ~ Aefore me personally appesred ~"IdX ~!'1. Peet drld wife Carol G. _PQQt of 1816 Frieze Ave., Ann Arbor, Mi. 48104 to me. ~ell known and known to Qie to be the individualS. described in and vrho ezecuted the foregoing instrument. , and ackPtiwl~dged before me that Z.hey. exerutecl the same for the purposes therein e:pressed. , ~ ~ - 8th December 77 ; , WP~NESr~ my ha~d and official seal this _ day of 19 =n~ ; „ ~F _ ~D/J i + Q %CLL ~ a00K ~~v PAGE10~~ Notary Public 8na tor the Count and State Aforesaid. ~ :,3 + y Ny commis~ion 1 • • - : L J O ~~fRs~~` - BGOK~.V tAGE Nc#ary ~ ~a'\~ My co~;,;;