HomeMy WebLinkAbout0300 ~M ~~~o '~1.,-C. c. c
p~ior to entry of a judgme~t entarcing this Mongage it: (a) Borrower pays Lender all sums which would bc then due unde~ ~
this Mortgage, the Note and aotes secu~iog Future Advances, if any, had no acceleration occurrid; (b) Borrower cura ~
all brcaches of aoy other covenants o~ agrtementt of Borrowe~ contained io this Morigage; (c) Borrower pays all rcasonable ~
expenses incurrod by I.eader in eaforcing the rnvenagts and. agreements of Borrower contained in this Mortgage and in ;
eaforcing l.ender's remedies as pmvided in paragraph 18 hercot, including. but rwt limitod to. rcasonable attorney's foes: and i
(d) Borrower takes such actioe u Lender may reasonably rcquire to assurc that the lien of this Martgage. Lender's interat ~
io the Property a~d Borrower'a obligation to pay the sums secured by this Mortgage shall continue uoimpaired. Upon such
payment and cure by Hormwer. this Mongage and the obligations securod hereby shall remain in full [orce a~d effect u it
no aeceleratan had occurned.
20. A~mest ot Reah; A~polNmeat of Receiver. As additional security hereunder. Borrower hereby assigns to ~
Lender the rcnts of the P~operiy. provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abando~-
ment of the Property. have the right to rnllect and rcta;n such rents ~ they become du~ and payable.
Upoo acceleratio~ under paragraph 18 heroof or abandonment of the Property, Lender shall be entitled to have a~
rtceiver appointed by s court to enter upon. take p~sxscion of and manage the Property ar~d to rnllect the rcnts of ihe
Propeny, including those Q~ast due. All rents collected by the rcceiver ahall be applied first to payment of the costs of
management o[ tbe Propeny and collection of rents, including, but not limited to, receiver's f~es. premiums on receiver's
bonds and reasonabk attorney's (ees, an.i then to the sums securod by this Mortgage. 'Il~e receive~ shall be liable to account
only for thoae rents actualty received. ~
21. Frbree A~asc~,s. Upon request by Borrower, l~ender, at Lendcr's option within twenty years from the date of this
Mortgage. may make Future Advances to Borrower. Such Future Advances, with inttrest thercon. shall be socured by this
Mortgage when evide~ced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the iodebtcdnas securod by this Mongage. not including sums advanced in accordance t~erewith to protect the
security of this Mortgage. exceed the original amount of the Note plus USS.------~----~----
Z2. Rdea~e. Upqn paymeat of all sums secured by this Mortgsge, I.ender shall rslesse this Mwtgage without charge
ta 8:,rratiser. ~rt~ser ~a=: ~3 ai~ cootc af r~r~ati~n. if ar~y.
23. Attorsep's Fees. As used in this Mortgage and i~ the Note, "attorney's fees" shall include attorney's feas, if any.
which may be awudod by an appellate court. ~
IN WITNESS WHEREOF~ Borrower has executed this Mortgage.
Signed, sealed and delivered
in the p[cscnce of:
. . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . C1.c,<..X~ ,?`J C,..,. i
. . ........~~~...............(SC~1)
~ J Paul S . Rutman -e«+~~ '
. . . . . . /.'~~?~'~K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Seal)
-~~o.rnwer
2~IICHIGAN €
STATE OF~~RlIYl1~. . . . . . . . . . . . . . . . . . . .COilll~y SS: `
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I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county `
aforesaid to taice acknowledgements, pcrsonally appeared. .P~ S: Rutman, a single man .
. . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
I foregoing instrumcnt and acknowledged before me that he. executed the same for the purpose therein ~
~ expt~essed.
~
~
~ W~rrtess my hand and oflicial seal in the county and state aforesaid this. . . . . $t~? . . . . . . . . . . . . . . .day of
E . F~tutlaTy
. . . . . . . . . . . . . . . . . - - - . , 19 . . 7$.
~ My Commission expires: 6 ' / $ - Fl~ , ' ~
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