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HomeMy WebLinkAbout0759 . ~ ~ . - . ~f , I priot to e~try of a judament eaforcing this Mort~e if: (a) Borrower pays Lender all sums whicb would be tben due under ~ this Mo~age. the Note and rwta securins Future Advanoa. it any. hsd no uakration occu~rod; (b) 8orrorver curcs ~ all breaches of ~ny wher covenaats or asreemen~ ot Borrower contained in this Mortpge; (c) Bort~owe~ pays all reasona~e ~ expensa iacucred by I.aider in entorciag the ooveoa~ts and aaroements of Borrowa containod ia this Mortgai~e snd in ~ eaforciaa I~enckr's cemedie~s ss provided in pzra~rsph 18 hercof. includi~~. but not limited to. reawaabk attorney's fas: and E (d) Sormwer taka such action as I~der ~uy reasonaWy require to aaure that tbe lieo of this Mortjase. Lender's iate~est ~ in the Property and Borm~vec's obligadon to pay the sums securod by this Mortpge ~al) oontinue unimpaired. Upou such t paymrnt acd cure by Borrowet, this Mortgage a~d the o~igations secured Nereby shall romaia in full foea aad etEect as if no ac~ekration had oa~urred. ~ 2~. A~ip~eaf ot lte~ A~oidwe~t ot Recetver. As additanal securiry hereunder. Borrower hereby assigns to I.ender the rents ot the Propeny, provided that Bomower shall. prar to accekration under pu~raph 18 heroof or abandon- ment of the Prnpecty. have the right to collect aad relaia such rents as tbey become due and payabk. Upon aocekration ander puagraph 1 S hereof or abaadoom~nt of the Property. L,ender ahaU be entitled to have a f roceiver appointed by i court to enter upo~, take poasession of a~d manage the Property aud to colkct the rents oi the ~ Property. including those past due. All eenta collectod by the roaiver shall be applied first to payment of the costs~of ~ ma~agement of the Propeny and oollection of rcets, including. but not limitod to, roexiver's fea. premiums oa receiver's bonds aad ressonabk attorney's fees. and then to the sums secured by this Mortaase. The reaiva shsll be liable to aooou~t o~ly for those reats actually reoeived. ' 21. FN~re Ai~a~ces. Upon rcquest by Horrnwer, Lender, at Lender's option within twer~ty years from the date of this Mortgage. may malce Future Advances to Bomower. Such Futurc Advarrces, with iaterest thereo~, shall be secured by this Mortgage when evideooed by promissory notes stating that said notes are secured hercby. At no time shall t6e principal amount of the indebtedness socured by this Mortgage, not including sums advanced in aeoordanoe herewith to protect the . security of this Mortgsge. raceeod the original amount of the Note plus USS. ' 22. Releau. Upan paymeot of dl sums securod by thia Moctgage. Leader shall relesse this Mortgage wittwut chuge to Borrowe~. Borrower s6a11 pay all coata of recordation. if any. ~ 23. Attoney's Fees. As used in this Mortgag~ and in the Note. "atturney's foes" shall include attorney's fees. if aay, which may be awuded by an appellate court. - . t IN WiTNESS WHEREOF, Borrower has executed this Mortgage. . Signed, sealed and delivered in the pt~escna of: - ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Seal) . ~ Jan?es L. eq Thanas ~ P. ~ Foster =e«.or... ` ~,p \ aC; , : (Seal) ~ Eetty ~L. Sctmioekel..... STA'1'E OF ~~[~[~JUIy . . . . . . . . . . . . . ~i .~r . : . . . . . . . . . . . . . . . . .~I~ SS: ~ ~ I hereby certify that on this day, before mc, an officer duly authorized ia the state aforesaid aad in the cot}q~j(„ , aforesaid to take acknowiedgements, personally appeared. ~?~s P. Foster, .a. sixt$]:e.man .,~ti`'°,," ~Q . ~ n c., to me known w be tbe person(s) described in and who~d~e~'th~•. foregoing inswment and acknowledged before me that. .....he .....executed the same for the. pdirp'e~e~tbe~eiq , ~ expressed. - - ' ' f Wr['t+ESS my hand and o8'icia! seal in the county and state aforesaid this. . . . . . . lst , , , , , , ; ;~y ~ , : ~ ~ ..........M~4Y 19..7$... - ~ , i f :`,".'ff~•• ~~f~:>,'. . ~ ~ i+~~-ir... ` ~ My Commission expues: ~ ~ ~ - ` ~ ~ ~ NOa'" P1D1iC ROBERT E. CARSON ~ ~ Notary Pubtic Wayne Couaty. Mich. ~ MY ~mission Expires lan. 8. 1970 ~ . # (spsce 9No~r rnis lin~ R.s~rwa For Lenaa. sna R.oo.aeo f ' if 3 M ! FIlEO ANU NECOROEO ~ ST.IUCtE COUNTY aOGER PO~~RAS ~ Ci f RK C RC E' COU• ~ , ~ ~ MA~ 18 9 4~ AH'18 ~ . ; f ~ ~ ~ ~87 ~cE 756 ` ~ ~oor ' ~ 4039'70 % ~ ~ .~y m ~ _ _ . _ _ . . - ~