HomeMy WebLinkAbout0161 FEB 3 1978
~ s~u~d~oow~ i.
~ocE+~ ro+nt~?s
~ K C ~iCVIT CO
i• i~f0
M~R l io ~ o aN ~?R
39589U
~baU luw tM optjoa to receivs ~nd apply the sauw oa aeoouot ot ths indeMedn~ sscund Renby o~ to pscmit
said Mortg~or W neeive and we it ar any part thereot fo~ otl~ puryo~s~ witAout tMreby wdeioi ar i~npairin~
~ny equity. lisa or ~t uade~r or by virtw ot this matga~: u?d in tbs ewat raid Mo~~~ shaU ior any esa~oa
tai! to icMp tM ~aid pnmi~ w insured. or (ail W detivK pomptly ~~y ot ~aW policiw ot huuraao~ to ajd
Mort~~, or tan P~'o~PUY ~ P~Y ~Y ~~Y P~~um thentor. or in any ro~poet fail to periorn?. dischar~.
ezcvte. efteet, compiste, comply with aad ~bide by this covaaant. or any p~rt Aereot. wid Mortsagw m~y plaa ud
p~Y fa such insuraucs or any part thersot ~rithout waivin~ or ~Hecting ~ny op~ion. lien. equity or riaAt undar ac by
virtus ot ttis mortasss. aad tM tuU ~mount ot e~eb and ~wry suc~ p~ymsnt s1uU M ima~edi~tely dw and p~~nbM
uid ~ha11 beu intere~t trom ti~t dat~ th~eeof untA paid ~t tM nte ot t~o p~ eenwm pK annum and to~etM~ with
wcb int~eest sball b~ sseund by t~s Uen ot this mortg~as.
4. To pern~it, oommit or ~uHer ao waste. unpairm~at or dete~iontjos ot s~id propsrty or any part thersot.
b. To pay all and ~Wgulu the owts, cha~gM and upen~. inch~ding reasonabk l~wyer's i~ and oost ot
ab~tncta ot title, incurred or paid aG wy time by ~aid Mort~ag~s beeauss ~nd/or in tM event ot t6s tallure on the
part of the eaid Matg~aor W dufY. P~P~b P~~ e:ecute. eHeet. oomplst~. oomp~y wit!?
and ~bjde by e~ch aod eve~ ths ~tipulatioo~. a~r~nt~. oonditioa~ and oovenants ot ~aid promlway nota ud
this mortgags. any or either. and satd owt~. chu~ and upsnies, e+eh aod every. ~hall be ieamsdiatelp dus and
WYabk, whetber or not there be notioe. d~cnaad. atwnpR w eolleet or suit pendins: and tM tull amount ot e~ch
and every sucb paymeat ~hall bs~r inter~est irom ths date tl~areof until p~i~f ¦t the nte ot ten per oentum per
annum: ~nd all said oo~q. c6argss ~nd e:peo~s~ so incurred ar paid, to~sther with such int~eet. s!?all be sscured by
the lie~ of t6is mortgap.
6. 'l~t lal in tM eveot o! ~or brweb ot thi~ marttap or dsfautt oa tLs part of tbe Mortsigo~. or Ibl in ths
• event aay oi said wma ot monsy hareiun rstarred to b~ not pcomptty ~nd fuUy p~id within c~n d~y~ nast att~ fb
sams ssveraUy beoono~ du~ and pay~b~i. wlthout demand or notica or (cl in chs weat e~ch ~nd ev~ ths ~tipulations.
agresmenta. oondition~ and oowoant~ oi ~aid proaus~ory nots ~nd thL mortga~. ~ny or eitMr. w oot dnlp.
promptlY ~nd fuUS' P~rforn~d. di~eharpd. ezecueed. eHected. oornpkted, oomplisd with and abided by. tben. in eitMr
or any suc1~ evsnt. tb~ ~aid ag~resate wm msntiooed 'w ~aid peoenis~onr aots t6ea reaoaining,unp~d, wltlr iatswt
accrued. aod dl mon~ys secvnd he~Dy, slwll become due and p~~abb forthwitl~. or thereafter. at tAe option of said
Mortgagee. fuUy and compMtety ~s if all oi tM raid ~um~ of bomsy wera origiaaUy ~tipuLted to bs pdd oe
weh day. anpthin~ ia ~aid promiuory not~. and a in thL morts~ to t6s eoatrar~ notwith~tandin& and
thereup~ or the~wtur at the optioo . ot Mid Maig~~es. wit!?out notioe or damand, suit ~t .law or in eqnity.
theretofors. or t6eca~ffter bs~ua, may be pcoMCnt~d u if ~11 moa~eys s~cured h~rsby had matured prior W N~
instltution.
That in ths eveat t6at at t6e beginning ot or ~t aay tlms p~e?dint any suit upon this mortgag~. or to tonelo~e
it, or to r~form It. aod/or w entoros p~yment of ~ny cWm~ 6anunder. aaid M«tgags~ slull apply to tb~ oonrt
I~aving jnri~dietfon thserof tor the appointmsnt oi • R~ivR. wch eourt ~hall tathwith appoint a R~aiv~ ot aid
~8~~ P~LY all and singular. iocluding all and aogular ths rent~ income pro6ti. iaeue~ aad rrwnnN irom
whatever ~oaros dKiwd. Mcb ~nd wKy ot wsieb. it bini upn~dy underscood is 6~sby mata~~d u if
speeificaUy a~t torth and dNafbsd in tbe aranWsg and Aab~dum cJan~es Aereot. and snch Recaiwe rLaD have
aU ths broad wd etfeetiw funetion~ ~nd powsrs in anywi~s e~trusted by • oaut to • Rec~iveT, and nuh appoiatmeat
shall bs made by wc6 co~rt a~ an ~dmitted equity and • matter ot absolute right to eaid Mortg~ges, aad witMut
refereaee to tbs ~dequaey or inadeqwcy of the valus of tbs property mortgaged or w the wlvee?cy a in~olvsacy
ot said Mortgagor andlor ot the defeedanta. ~nd that sucle ranu. pmfits. iacome, issues and revs~ues ~hdl be applied
~ by wcl~ Rec~iver ~coording to the lein ~ndlor equity ot said Matg~ges and the pnctice of au6 oo~rt.
8. It is undKStood and a~eed t6at t6ia mortsags u Qiwn W~seur~s, ie additioa to t6s note or oblisation
. above de~aiMd my ~dditiond {oan~ ar futurs ~dvana~ mad~ w[thia tweoty yean trom date bereof by tbs mort~gse
w~safd morsa.~oes or any ,uea..or in cicls of ..id morsaagoc. of chs property hersbq convep.d: provldrd cA.c chs
total unpaid bdance ot the indebtednsss secured hereby ~t ~ny ons time shall not e:ceed t5e mezimum principal
amounc ot ?~ti ?~iOUSAPID SIX HIMDRED (10,600.00) ~ Douars
li 1. plus int~re~t tl~srsoe and any disMinennents made by tbe mortgagee for ths payment of tues. kvie~ ar insuranoe
on tlie proparty encumbared hee+sby. witA inteeest on ~uch disbursemeats.
IN WITNESS WHEREOF, the said Mortg~gor has e:eeuted this matgage under seal on tAe dar ~nd ye~r herein
first ~bovs writtea.
Signsd. ~s~kd ~nd delivered in tbe presenoe of: ~ _
~ ISEAL)
l.~i SI ,
~
~ ~ ~ .~~.s.z - ISEAI.1
SAIWi J. SI
SfATE OF ~
es.
COUNTY OF 1E~
m. ~py,p~ ANDRL~i SIKKI?!A AI~ID S~ARAN J. SIKKQSA. his M!!e ot
8325 Chederton Drive. Byron Cent~r. Mi chiA~n 49315
to ms wdl licnown and imo~wn to ms to be t6~ individwl.. d~ibed in aad w6o ~sKUbd ths tae~ains i~trumsnt,
and aelcnow4d~sd Mfo» m~ that ....b~... esecnted ths same for tM papo~ thar~in e~d.
wtTKESS my hana .na ofsei.t .e.~ chj. 4th ~ February 1~
~L _
Notary PnMk In a !ir
~.rV t./ f ~//~~~LU~ .~~~~~r' .
~ ~
• . ` l~~~~aq~ld~~
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