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Home My WebLink About0201 i~iu°o+~°co'~uN°~ir"~ pO~ER ~OITRAS Ct ERR C+~CUIT COU ' Yrl;:FIEO . MAR T 10 i2 AH'1R 395915 ~hall haw tM optioo W nceive and ~pply the sam~ on ~ooount of t6e ind~bted~ ~scwed Mosby or w permit said Moctsator to receive and ws it or ~ny part thecwt (or otl~ purpo~ witMut tAen~y w~ivin~ a impairin~ a~r .~tcy. liea or ~At und~ or by virtue of this mort~gs: and 'w tM ewnt said Mortg~aor ehdl tor ~nv rNwn tail to ks~p tM stid premi~ w insured. or tail to deliwr p~romptlr any o! ~aW policiM o! iaau~a~o~ to raid Moet~~, or tail promptl~r to pay fully ~ny premium ttienfor. or in any re~p~et fail to p~form, di~el~at~, ~cvt~, ett~ct. compl~te, comply with a~ ~bide by this coven~at, or any part Aeroof. said Mortsag~ may pl~a~ and p~y to~ sueh insunaos or any p~rt theraot~ witAout waivie~ or aHectinq ~ny optan, li~a, puity or ritAt undK or Dq virtw of tlw mortgap. ~ad tb~ tull amount of weA and every such p~ym~nt abaU bs Immediately dw aod p~yabM and s5a11 beu int~t irom tM date tMreoi uaW p~id at ths r~u o[ t~n p~r canwm par annum and tto~tAR wit6 awch iat~e~t thaU b~ ~.vnd by the lien ot thL mort~. To permit, oommit or ~uHer ew wut~, impairm~at or det~iorataw ot said propa~ty or any p~rt thereot. 6. To pay all and sinaulu the co~ts, . chargN aad aspsns~a, includina re~wnaDk lawy~r'~ t~ and awt ot ~bstncu ot title. incnrred or p~id at• aay tims Dy said Mortsagw bscause snd'or in tbs svent ot tM f~Duro oa ths put ot the said Matsa~ to duly. P~'o~~Y P~~ di~clwrp. e:eeute. eNect. oomplst~. oompy? with u~d abidt br e~eh and every tbs ~tipul~tioa~. ~rwa~snta. oonditbns ~nd ooveeaets o! ~aid promiNOey notA. ~nd this mortga~s, any ot athe:. aod ~aid costa. char~ and e:psnss~. e~eb and rvery. sl~all bs immsdiatanr due ~ad p~yabis, w6etl~er or not tl~e be notiee, d~aand. attempt to coUsct or suit pending; and ths tull anw~nt ot eacb and svery sneh p~yment ~luU be~r iut~erest hom ths date tAersot until paid •t the nte oi ten per o~?tum per annwa and ~il said costa. cbaraa snd ezpan~ so incurrsd or p~id, togethsr witl~ such inteee~t. sball bs ~eeured by tbe li~ of thii ~ 6. 11s~t 1~1 in th~ went ot any bre~eh of thii mat~ or d~fault ~ t6s part ot tbs Moet~iaor. or (b) in the • evmt any of ~aid ~umi ot monsy he~n rebcred to b~ not P~~PVY P~ within t.~n day~ n~st a(ter tl~s sams sevenUy beoom~ dw and p~yabb. wftboat demand or notiee, o~ lel in t!~ went eacb and svery ths ~tipul~tions, asros~n~ata. condjtion~ ~nd oowoanq ot wid P~oa~iswry not~ ~nd thi~ morta~go, any or either. ~re not duty. PromPUi' ~~Y Pa'foem~d. di~e6u~d. e:eeut~d. eHected. oomp{sted, oomplied with and abided by. thea. in eitber or any mch ev~t, tM ~aid egaregats aum m~ationed in s~d promiwory not~ thea rsmaining unp~id. wit.h intarest accrued. ~ad all monrys ~scured berebr, shaU '~scome due and p~yasls fotthwith, or theraafter, ~t the option of said Mortg~grs, ~s fully asd oompktdy ~s if ap ot the ~aid iums ot nomsy wers origiaally stipulated w bs paid on such day. anythins in s~d P~'om+siory not~. aod or in thts mortp~ w ths eontrary notwith~tandin~ and therenpoo a~ therwher ~t t6e optioa ot aid Martsyw, wit,bont notios or dam~ad suit ~t l~w or in equity. therecoforo. or cAe~wtcer b.sun, may be p~w.cuc.d u if all moesys ,~cur.d 6.reby had matnred pior w ics in~tEtution. T. That in tlis eveat t6at at tbs be~innir~ o! or ~t any tims p~dina ~ny suit upon this mortgsgs, or to faeelo~e it, o~ to rsform i~ and/or to enfeKe paym~nt ot ~ny cWms lanund~r. s~id Martgags~ s6all apply to ths aourt havin~ juri~diction tMreof to~ tbs ~ppointmsot oi a Recdver. auh ca~rt ~hall forthwith appoint • R~oriwr ot ~aid ~8~ P~P~7 all ~nd ~ingnlu. includina all ~nd ~ingulu tha re~?t~ income proRt~. i~~ and rsv~nw~ trom wfutev~r ~ouros dKived. Mch ~nd sv~ oi whlck. it ban~ a:pewly underetood b he~by moetsa~d u if speaffally ~st tocLb and da~a~ibed 'm the anntioa and 6ab~dwn clauaes here~of. aod ~uch R~odv~ ~hall have ~ all tbs broad urd eHeetiw funetion~ ~nd powere in anywiN entru~t~d by a court to e Receivsr. and ~uch apQointment ; s6a11 be mads by wch oonrt u an admitted equity aad a m~tter of ~beolute right w said Mortgages, and ~ritlant ( reference to the ~dequacy or in~dsqwcy of the value ot t6s property mortgaged or to the wlwney or in~olvsncy ~ ot s~id Mortsag~or ~ad/or ot the defendanta. and tlut euch renu. {nofits, inooooe, issues and revenues ~haD be applied by nuh Rec~sivK uaording to the kin andlor eqwty ot uid Matgagee and the practioe oi wch oo~ut. 8. It is undrr~tood and asr~ssd that thL mort~ags i~ giwn to ~scurs, in addition w t6e not,e or oWitation abovs dercribd ~ny additlooa! ban~ or tuturs advance~ m~d~ within twsnty yean te+om dat~ hereof by ths mortsaaes to ~aid mo~t;ssor~ or ~ay wocas~oc in titis ot wd ~aaors ot t6e pro~perty henby oonveyd: provided tl~t ths total unpaid baLnce of the indebtednes~ sscured hersby at any one tims shall not e:ceed the masimum principal amounc ot SIICtY ONE Nt1NDRED NINETY 1N0 ($6192) DoWrs ti 1. plus int~eest tMreoe aad any disbar~emenq mads by the mortgagee !a ths p~yment of tuee. levie~ or insunnoe oa tAe PmpartY encumb~red beroby. with iotereai on sucb disbursemsnts. IN WITNES3 WHEREOF, the said Mortgagor has e:ecuted this mortg~ge under ssal on the day aad year berein fust abovs writtea. . Sisnsd, ~led ~nd delivsred in the preeence of: . ~ l ~~~c ~~=f_,,t-~t- (8EAL1 ADO FLOREANI ISEAL! STATE OF F~ M I C~ GAN OOUNTY OF ~ Y.~t1T aetors me per,onaDy .ppeared ~~REANI OF 1485 Breat~ood, St . Joaep~, Ni ch. 49083 W ms wrU knowo ~nd lmown to m~ to bs th~ IndividwL.. dMCribd in and wb~ u~ted t6~ faee~oins io~wmeat, aad acJ~nowl~dpd b~fon m~ that ....l~.... esecuted t6s ~ams for the p~upoe~s tbarsin e~rssNd- wtTNESS mp 6ana .na otficW .e.l ce;.:.,;.~4.~h,~,,._ d,y ot Februar 19 7.~' • ~ :f , ~'~t/!I-l/ . ~ Notary Pnblic ln tor . F U Cannty and 8tat~ r~~ ; L ~~~/~/l~(/ 80tRl~c ~O~ PACE ~ J~ ~ ~ ~ - f ~ ~ 3 / : / ~ ~,t r .c-f~ ~ fC ~'-:~C ~ [ ~ ~ _ _ : ~ - - - _ . _ _ _ y3+ ".I h <f . ~ _v+£~''~~ ~ . . , . _ .e-x . ~r . :.~.i1 _