HomeMy WebLinkAbout0765 • ~
prior to eatry of a jud~ment eaforcins this Mortp~e it: (a) Bor~owu pan Lender all sums wbich wouid be tbea due under
this Mortta~e, tbe Note and aota ~ecwina Futurc Advanoa, if any, had no aoakration occurred; (b) Borrowe~ cura
ali bresches of aay other coveo~ata or a~reemeab of Borrower rnntaincd ia tha Mortjage; (c) Borncwer pays all rea:onable
eacpensa iocurred by L,ender ia enfor+cias the covenaqts and ajreemeats oI Horro~wer oontained ia this Matpae and ia
eaforcinj i~de~'s ranedia ~s provided in paragraph 18 hereot. including. but not limitod to. rcsson~bk attorney'~ fas: and .
(d) Borwwer takes wch action at l.eade~ may ~easonably requirr to assure that the liea of this Martp=e. Le~der's interest
in tbe Propaty and Borrower's obligation to pay the au~ra securod by this Mortaage shap conGnue uaimpairod. Upon such
pay~r~ent aad cure by. Borrower. this Mortpge and the obligations securod hereby shall remaia ia full fora and effect as if
no accekratioa bad occucred.
2~. Aadp~e~t ot Re~ Appoist~t ot Recdver. As additionai security hereunde~. Borrower hercby sssigns to .
Lende~ tbe ~rtnts of the Pmperty. pmvidcd that Borrower shall, prior to aocekration unde~ pua~raph 18 hereof or abandon-
ment ot the P[~operty. have the right to callect• and rctai~ sucA rents u they become due and payabk.
Upon aoakntioa under paragraph 18 hereof or abandonment of ihe Properry. Lznde~ ahaU be entitled to have a
receirer appoint~d by a oourt to enter upon, take poss~ssion of and manage the Property and to colkct the nnts of the
Pmperty, includiag tlsose put due. All rents collccted by the roaiver shall be appiied first to pvyment of the coats of
management of !he Pmperty aad collection of rents. i~cluding, but not limited to, roceiver's feat. premiums on receiver
s
bonds aad rcasonabk attorney's fea. and then to the sums xcured by this Mortaage. 7~e rooeiver shall be liable to accounl
only for those reals actwlly reaived. .
21. Ftit~e Aiva~ee~. Upoa roquest by Bornower. Lender. at l.eoder's option within tw~enty years from the date of this
Mortgage. mar maice Future Advances to Bomower. Stich Future Advances. with interest theroon, shall be socured by this
Mort~e whrn evideaced by promissory notes stating that said notes ace socurod hereby. At no time shall the principal
amouat of the indebcednas sceurod by this Martgage. not including su~ra adva~ood in aooordanoe he~ewith to protect the
security of this Mortgage..exoeed the original amount of the Note plus~USS-"----~---~--~~-~~~--~-
22. Rek~a Uppn psyment of dl sums socurod by this Mortgage. Lend~r ai~all nka9e this Matgage withwit charge
to Borrawer. Borrower s6a11 pay aU oosts of recordation, if aay:
23. Attorsep's Fees. As used in this Mortgage and in the Note, "attorney's fces" shall include attorney's fees, if any,
which may be awuded by an appeilate court.
IN WI'INESS WHEREOF, Borrower has eaecuted this Mortgage.
Signed, sealed and delivered .
in t6e D~sence of: ~
, ' . `7~~~i'~'~. .
.
. . • s. R. MEartln ~or.orw.
. , . L.~ ~1~~ . . . . : . / /ic.rG: . . . . . . . . . . . (Scal) .
Joan~ H. Martin
STATE OF F~ • - ~'IICHIC~,A~I . . t .WS~~W _ . . . . . . . • . . . .COUDt~I SS: ~
I hereby certify that on this day, before me, an ofi'icer duly authorized in t6e state aforesaid and in tl~e county
aforesaid to take acknowlodgements. personally appeared. . Jap~}es ,R, _ M~rtin, and Joan_ H., Marti.n~_ his wife
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me knowes to be the person(s) described in and w6o eaecuted the
foregoing instrument and acknowledged before me t6at. tXi~Y.. ...eaocuted the same for the purpose therein
i ezptessed• . -
t .
~
~ Wtr[~ESS my hand and o~cial seal in the county and state aforesaid this. . . . . ..~h . . . . . . . . . .day of
~ ........................~9.~&...
E
~ My Commission expires: f~~~,~
'
` :~sr,i'i. • Not.n Puaie
~ ~ , ~ -
.4,
_ J 1 E ~
f ~OF '~;f . .
~ _ 1~ `~1 ~
.Jyv ;~3 ~ ,
~ • .
(Space 6Now TAis LirN R~sMV~d For lender and R~corOeq
~ ~,Ed ~f! RECQaDEG
~ WCt[ C011MTY FL~
. R48Eli 14~iRA6 .
C1~~~ ClRC1i1TC0 .
- • ~cp
~ Mar 19 9 42 AN'1
403973
i~~~ ~ ~
. .
~ ~ .
4 X
_ , _ - _ R ~-~:~~~`.w:~