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Home My WebLink About0209 ? ~ f ~ Tr t~. OCER ?OITRAS Ctf FK C~RCUIT COU • •,t e,r~fL~ ~ Map T 1012 AM'18 395920 shall haire tM optioa w recsiw and appty the sam~ oa aaount ot ths indebtedns~i Mcur~d h~reby or to pKmit a~id Mortgagor W nceive aad uss it ar any p~rt the»of !or othsr purpow~ witlaut tA~sby waivu~ or impairint .Ar .y~cr. liea or riaht under or by virtue of t!?is mout~~: and in tM evae~t aid Mart~~ shaU tor anr ra~wn tail W Icesp the ~aid prsmisss ~o insured. or tail to d~tivK penenptty aay ot ~id poiicis~ ot inwuano~ W ~aid Mort~~, or t~il promptty to p~y tully aay peemium tLsretor. or ia any respsct fail to parfarm, di~char~, e=cute, etteet, eompkts, oomply with and ~bide by this cov~ant, or ~ny part he~eoi, said MortRage~ may pl~os ~nd p~Y for such inauranca or ~ny p~rt tAereot writlaut waivina or ~Hscting any opta~. lien. equity or ri~t under ur by virtue of this mortg~s. and t~s tuU anwunt ot e~ch and sw~y sucA paymsnt ehall be immediately due aad payabls and ~ball beu iatere~t from ths date tl~eeof uncil paid at th~ nte oi t~n per oentum pK annum and tasstlwr with euch intere~c slull bs sscund br ths iien oi thL moct~. 4. To permit, eommit o~ sutfer no waite, impairment or deteriontioa ot said propecty or any part tl~ereot. 5. To p~y aU and singulu the ewu, charge~ u~d e:psnNS, including re~sonabb l~wyer'~ fee~ ~ad oost ot abst~acta of title. ineurret! or paid ~t• any time by ~aid Mortgages Decause and/or in the event of ths taflurs on ths part- ot the said Moct~ W duly. Promptb ~nd fi~U~? P~r[orm, diselurgs• e:ecate. eKeet. oompist~. oomply witA ~nd abide by e~ch and every ths ~t~p~ulation~. a~m~nta. eonditjon~ and omronanta ot ~aid promlwoey nots. ~nd thia mortgags. any or ~the~. and wid cost~. char~e~ and ~:pensea. e~ch aad every. siull be immediatety dus ~nd WY~bk. wheth~ or not there be aotioe. demand. attempt to colMct or suit pending; and tss full amonnt of e~c6 u~d every sueh p~yment shaU Dear interest frwn the date tAsreot until p~ir! ~t the nte ot tea par osntum pa uinum: and all uid oo~t~. ch~rgss and e:pe~sss so ineurred or paid. together with such iaterest. s~all bs Mcured by the tien af ehu mortgags. 6. That 1~1 in the event oi any bre~ch ot tAis mart~agr or dstault oa ths part of ths Mat~i~. ar lbl in ths • event tay of said sums ot awney barein tet~red to bs oot P*omP~Y ~d fiil~' Paid withln t~a da~t nazt aft~ tbe eams ieveraUy beooia~ due and payaW~, witlwnt demand or notios, or kl u? t~s ~veat each and even tl~s ~tipulation~, agreetosnta. conditio~u ~nd oowaanta of eaid promiswry note ~nd t!w - mo~t~ge. . wy or aither. ~ not dnly. P~'o~P~~Y ~d ~Y P~'formad. di~c6argrd. e:ecuted. eHxted. eompieted, oo~mplied with ~nd ~bided by. th~o. in aitber or any wch eveat. ths ~aid aggrogate am msntaned in said promis~ory note then remaining unpaid. with intetest aarned. urd ali moneys ~ecured hereby. shall become due and p~yabk [ortbwith. or thers~her. at the option ot s~id Mortgagse. as tnUy and oompMtely ~s if all of the ~aid ~nu of nomsy were orisiaaUy stipulated w bs paid on snch day. anythin~ in ~aid promi~~ory not~. and or in tsis matp~e to t6s contrar~ notwithstandin~ and tharoupro or t6Keattar at the option of s~id Mortaa~ss. without ootica or dam~nd. snit ~t law o~ in equitr; cherswfo% or tbereafcer besun. ,nay be pro..cuc.d u if .U moneys s.~vred bsreby 6,d matured prio~ w ic. iastitutioa. 7. 'Ibat In ths event that at tbs beginning of or at aay tims p~ndin~ any s~iit upon thL mortgage. or to foe~scio~e it. or to r+~torm it, andlor w enforoe p~ym~nt ot ~ny cWiaa b~reund~r. uid Matgags~ sh~ll apply W tM oourt havina jwi~dictioo tMieot for the ~ppointmsnt ot a It~eeiver. ~uch oourt ~haU torthwith appoint • R~aiwr ot ~d ~B~~ P~tY all and sinaular. incl~ all and sinsuler t6s r~nta income pro~its. i~sues and rw~nnN trom whatever ~ros d~ived. e~c6 and w~ry of whkh. it b~ii~ ~pnMiy nnderscood i~ hersby moetprd u ii speeificaltY set tarth and dNenbd in tbe arantias and luba~dam dan~es hernof. and sueh R~oeiwr ~haII bave ~I ~lt ths brwd and effectivs tnnctions and powers in anywiie eatrwted by a court co a Raceiver. and such appantment shall be made by sneh oowt a~ ~n ~dmitted equity and ¦ matter ot ~bsotute right to said Mortgagse. ~nd withoot reference to t~ ~dequacy or inadeqwcy of the value of ths propsrty mortgaged or to tM wlvency or in~olveacy of said Mortgagor and/or of the detendants. ~ad tlut such rena, profita, inoome, issues ~nd reveaues ~hall be ap~plied by sueb R~ceiver ~coordina to ths lein andtor equity of said Martgagee and the pnetics of ~uc6 oo~ut. 8. It u nnd~rstood and agrssd tbat thi~ mortgage u give~ to securs, in addition to t6e note ar obti~ation abovs de~crib~d any ~dditiot~il ban~ cr fotun ~dvaaas mad~ wfthia tweoty ye~rs trom date hereof by tM martaaass to ~aid moet~~ ar mr suooMaor in titis ot ~aid mortsa~on of cbe property hersby oonveysd: provided t6~t ths total unpaid b~lance of the indebtedasss sscured hereby at any one tims shall not e:ceed the mazimum principai amount ot ?HII~iTY NII~16 H1~ID~ED ANO SIX?Y ($2960.00) ~ li 1. plus inters~t thereon and any disbur~msnts auds by the mortgagee for the payment of tues. Isvie~ ar inwr~noe on tl~e pruparty eiu.vmbered l~ersby. with intereat on sueh disbursements. IN WITNE33 WHEREOF, the said Mortgagor ha• ezecuted thi~ martgage under seal on the d~y and ye~r Mrsin firat abovs written. Signed. se~kd and delivered in the presance of: ~t~~ • . ISEALI . SS ISEALI STATE OF~1iX MIC~iIGAN Covtv'I'Y oF ~ MANIStEE Betoro me persoaaliy ~ppsared MICHA~L IA.TIIiESS bc MARY I~,TINESS OF 1934 INOIAWI ST., IU?UMA?AO, MICHICAN 49001 w ms w~ll imown and lmown to to bs tb~ individual.S dMen'bed in and wbo a~ent~d t6e tae~s~oing ina~um~t, aad adcnowbd~d b~(ore ms tiut ~}?~Y... ~eeuted ths wms tor t6e p~po~ tharein ezae~d. wr~v~ss IDy ~a .na ot~ c~. 4th d,~, of February .lo Q~~~ Noca*r Pu~b~ic ia d for ' . 80. K PAGE h' ~a~+ A~ L . Mr oomm~a~aa-.~acpir+~, ~ ; . ~ . ~2 L~` i3~ ~~~o ' - ~ ? ~ ~ f _ . _ = - - _ . _ . _ ~