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Home My WebLink About0145 r~ ~~aE~~~0U1R S ~A f ~i~~LUIT COU ti•~ : c ~~n MaR T 10 ng AN'1R :3J5880 al~all bave the optaa W reoeive and app~y tl~e eams on aooount of tbs indeM,ednes~ sxvrod hereby or W pendt said Moctgagor W ceceive aad use it ar any part thereot tar othsr purposes witlae~t tberebp ~~~vin8 a~P~B u~y equtcy. Ilen or right upde` or by virtue of this mo~t6a8~ and ia tba event said Mort;agor slup tor any ee~san fail to keep tAe eaid p~emises eo insured. ar tail to ddiver PraaAtl~' anp oi nid Pdiciss ot inruraoos to nid Mo~ages, or taU prompttr ~ Wr ~f' ~r p~um che~etor. or iw aeq? re~pecc tail w pertarmr discl~arge. e:cute, effect, complet~s. oomply rrith and abid~e by this oovan~a~ or say part Mreot. e~d Matgsae~ mny p4?as a~d PiY tor such insunnos or ~ny part theceot witbont wdviag or affectin8 ~7 ~~~7 a~t undet ar by virtne oi ttis mortea8e. and tbs f~ll amouat ot e~ch ~nd every sucb p~yment ehaD be imaiedLtdy dw and p~abls ' sad s6aU be~r interest imm t6s date tbereoi until paid ~t tbe rate o! teo per oe~tum per aaawn aad toget~ with such interest sball bs sscuned by t6s lien of this mortg~gs- To permit, oommit or suffer no wasts. ~mPRirment or deterioratioa ot safd property or any p~rt t6er'eo(- 5. To p~Y ~~Su~+* the ooeta ch~rges ud .a~e~~. ~8 reasoo~bls lawyer's tess ~nd oost ot abstracts ot title, incur~ed or paid at aay time by said MortBa,ges becauee aadlo* in ths event oi ths ta~re an tAs ~ part ot tUe said Mortgagor to dul~. promptty and tully Perto~m. discdr6'e. esecvte. sttect. comPlsts. oomp{Y wits and abide by e~h and every t6s stipuLtiau. ~rsemea~s. oonditions ud oov~enants ot said pcomi~sory nots. aad t1~ie, mo~tgags, wy ~ either, aad s~id aosta cba~ees and ezpsasss. e~ch and evary. sball bs tmiosdlately dus and WYabb, whetb~ or not th~re be ootio0. dam~nd. att~P~ W oollect or suit pending: and the full aa~ount ot e~ch and every sac6 payment shall be~r interest trom the d~ts there~f unt~ paid at tbe nte of te~ per oentum per . annum: and all said ooste. char6'es aod ezpeoses so incurred or paid, tagetl~er witb auch intarest, a!?ali ba secured hY tbe liea of this mo~tge~ge. 6. 'l~?at !al in t6s event ot any b~e~c6 of ttie mo:tg~gs ar defanlt oo the p~rt oi the Mataigor. ac (bl m tf~ • event any of s~id eume oi money Aere~ referred to bs not ~tty and tully paid w~tbia ten d~ri ne~t ~R~er t6~ ~me ssverallY beoome due and payabls. wit6out demand or notios. ar (c) in tt~s event e~c6 and rveq? tbs ~tbns. agreeoreats. eonditions ud ooveo~nts of s~id promissocy note ~nd this tnortg~gs, any o~ dtber. ats not dt~. p~p~h~ ~?d ~Y P~~ ~B'~. ~~ted. eHected. comPist+sd. oomPiisd wit6 and abided by. them. in eiRher ar any surb event, tbe sald aggregate wm mentioned in said promissaY note tLeu re~inin8 unPaid. wit6 iata~+est ~a~ed. ~nd ~ moosys secured 6areby. s6a11 bsoome due ind payaWs tat6with. ar thaee~tter. ~t tbe option d eaid Matgage~, ~s fiilly and compietety as if aU of ths said sams of nomey .vere originally stipalated to be paid oa such day. anything in said promis~r note, and. oar in thia matga~gs to tba c~ontrary not~rithstandin~ and tbereapon oc thenaftar et t6s optioa ot sdd. Mortg~gee. witbout notice or dam~nd. snit at l~w ar in eqnity. iberetotors. or theeeafter begun. auy be prosecuted as ii a0 moeeYe sec~ed 6~bY had matured prior W ita institntioa. . 9. Tbat in the eveat that at t6e be~nning of or at anq time peading any auit uPon t6is mo:t6aB'e. a to foreclose it, or to reform it, andlor to eniacce p~yment of any claimr hereander. sajd Matgagas shaU ~ppty to the co~ut having jariadietion thereot tor khe appdntmesrt of a lieosiver. stuh oaut s6all fa~tbwith appoint • Reoeiver d said I ~B=6'~ P~~Y all aad singulu. inchdin8 dl and ainguVr the eents inoome profits. issues end revennes Erom w6aceve~r souroe derived. each and everY of whics. it being a~mly nnderatood is he:eby matga8ed as if speci8cally set forth wd dssc.zi'bed 'm t6e granting and babendam cLusee hereof. and atcL R~oaivar s6all h~ve all the broad and effective functione and powers in anywise aacrueted by a cowR to a R~eoeiver. and suc~ appointn~ent I sball be made bp each oonrt as an admitted equitY and a m~tter of absdute right to eaid Mortg~gea ud without nfereace to the adequacy ot in~deqwcy ot tbe value ot ths propertY matga8'ed or to t6s wlvencY a~Y ~ ot said Mortgagor and/or of the detead~nts. and that such rents. R'ofits. mooma issnas and revennes s6~ be ~pplisd ~ by iuch Receiver accordinB W the lein and/or eqnity of said Murtgagee and the practioe ot ench oatrt. ~ 8. It ia understood and agreed tdt thie mortgage is givea W sxore. in sddition to t6e note or oMigation ebove desen"bed anr additional lo~ns or fuWie advanose mads witAin twaoty pe~rs hom date hereot by the mortgagee W s~id mortgag~ors or any sucoeesor ia title of s~id mortgagors oi ths peoperty hereby oonveyed: provided tL~t the total nnpa~ balance oi the indebtedness secured bereby aL an one time ah~II not e:oeed the mazimum p~'~mc'ip~a! a~ooancof SIX THOUSAND EIGHT FIUNDRED TWENTY ~~0820.00)------------------- li 1. plus inceresc tl+e,eon and any disMusemence made by che mottpgee for tM paynoent of cuea kvias or inaruaae oa the property encvmbered 6ereby. wit6 intecest on snch disburse~enta. 1N WITNE33 WNEREOF, the e~id Mortgagor hae ~ecnted thie a~ortgage under seal on t6e d~q ~nd ye~r herein firat above written. 3igned. se~led and delivered in the preseooe of: \ ' , ~ ~ ~ ~ ~i.:t~ t ~~.rc.. / / ~ C ? t3EAL1 ~ Merline Gail augherty , ~ ~ ~sEwt.? 3fATE OF ~Y1Y1K M H I GAN ' oouc~rrSr oFX~li~ili~d~W~ ~NISTEE ~f~ ~~uy Merl i ne Gai 1 Daugherty of 5837 Chri sti e, S. E., _ Grand Rapids, Mi . 49508 to me weD known and imo~wn to ms to ba tlra ind'svidual... d~saibed ia aad who e~eeutad t6e foragoins idtrnm~nt. , and ~clooowlsdged befors me t6~t ....6~.... e:ecuted t6e sams far tbs purpo~er t6~ein ~prwed. wlTt~[ESS my 6and and offici~l ee~1 tbi~ 19th dar ot N ip " ~ .',l A; , . ~ Notar~ Poblie 1a~ for J • ti S~OX ~~J PaGE ~ ~!''j_1i.', ' r A~i~~.~ _ , . , ~lJ ~ ~ _ _ - - - - _ _