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Home My WebLink About0213 G. 'fhat (a) in the evc~t o[ any breach uf tiiis mortg:yje or drCault on the part o( the ~torcg:+Ror. ur (b) Ifl ~fl~' tVClll dll~/ uf said sums o( mooey hcrcin reier~ed to i,e oot promp~ly and fuiiy pxid ~vithin ti(teen days ncxt aftcr the same sevenfly I,ccume due and payablq withoul Semand o~ natice. or (c) in the cvent cach and even the stipulations. agreements. contii- tions and cuvcnants ot said p~omissory note ind this martgage. any or either~ a~e oot duly, promptiy and (ully performcJ, dischargcd. executed, eifected, ~ompleted, complied with and abidrd by~ thcn, in eitl~cr or any such evrnt. the said aggregatc su?n mentiuncd in said p~omissury note thcn remaining unpaid, with intercst accrued. and ali moneys securcd hereby. shail become due and ;~ayable fo~th~vith. or thereafter~ at the option of said ~lortgagce. as full and completely as i[ all ot the said au~na of money were originally stipul~tcd to be paiu oo such day, anything in said pro~nissory ~ote. andJor in this mortgage to the contrary notwithstanding; and the~eupon or thercaE'ter at the option of said ~fortgagee. without notice or demand~ suit at law or in equity. theretofore. or ti~ereafter bcgun. may bt prosecuted as if aU muneys secured hereby had matured prior to its inuitution. 7. "['+~at in thc evcnt that at thc beginniug af or at :uiy time pendinq any suit upun this mortgage. or tu foreciose it. or to reform it. and/ur to rn~urce payment of any claims herrundcr. saici ~iurtg:~ce shall apply to the cuurt havinR jurisdirtion ;iicreof for thc appuintmcnt of a Receivt~, sudi court shali forthwith appoint a Rcccivcr of said mortgaged propcrty all and sinKuia~, including all and singular thc rents. income. pro~ts. issues and revcnucs from whatever source derived. cach and ever~ oi which~ it bcing expressly understuod. is hereby mortgaged as if specifically set forth ~nd described in th~ grantinq and habcndum clauses hercoC. and sucn Receiver shall have all the board and eiEective Cunctions and powers in anywise entrusted by a court to a Receivcr. and such appointmcnt shall be made by such couri as an admitted equity and a,matter of absolute right to said Murtg:+gee. and ~vithout rc[erencc to the adequacy or inadequacy of the value of the propcrty mortgaged ur to the aolvency or insoivency of said ~fortgagor and/or of the dcfendants, and that such rents. profits. income. issucs and rcvenues shail be applitd by auch Receiva according to the ?ien and/or e~~~~~~y of said ~fortgagee and the praciice of such court. ' understood and agrced that this mortgaqc is given to sccure~ in addition to Ihe note or obligation a ;u~y additiuna ure advances made wilhin ten years Erom datc hcrruC by the o sa~ mortgagors or any succcssor in titlc of said mortga roperty hereby com•eyed; t e totai unpaid baiance of the indcined- ness sccurcd hercby at any one time shall no um principal amount of SIX THOUSAND and 00/1 Dollars (S.....~..........:............... lus interest thereon and any disbursements e mortgagte fot tne ~ayment of taxes. ievies or insurance on the proper ereby, with ?n such disburscments. 1\ WIT\~SS ~1'iiEREOF, the said ~tortgagor F~as executed this mortgage under seal on the day and yeu hercin first above N•ritien. Signed, scaled and deli~ered in the prescnce of: ~ ~ ~ ; r; ~ ..1~<x~--~-> L. ~ ~ - ( Ls ) ,~~IENDELL~. ~1~ I.KI S ~ a~~/ . ey e , . :...k~.l:.~ ~ »r:......~.....~.k'~5::~5A.4:'!~GJJL:.......... ~ . -f~.~~ ~ f .L ~ LS ) ' ~ ar ara . ey e! NAN~,Y L. GOODKNECHT ~ MICHIGAN _ STA"I'E OF " I NGHAM COU\TY OF u' I .......C[~,~X...~..... ~~~iX.`~'~i...s~l?5~...~~.~,~1~~~l...~i.:....~~/~i~.~:~.a~,~ rS....l^i ~.~e.......... [3c(ore me persona~iy appeart3 ~ ~ , ; to rne weii Rnown and icnown to me ta br the individualS. described in and who executed the foregoing instrument. and E acicnowledged beEore me that ti.he.yezecuted tht same fo: the pur~oses thercin expresseci. ~ WIT:\ESS my hand and official seal this 2 7TH . day of ?.....JUNE 19~. ~ Y . ~t..6~ :....:~.......Y....~. ~~L.~7''' 1 ....r. ~ ` 1' ` ~ 0 `7 ~ 14~~Q AM~ ~ ~~'.k(, ( ~ \otary Pubiic in and for ti• . . ~ LUQI~ ~~~M'fi it_E = ~ f.;~~,E~ <~5 tiu County and State Aforesaid. ~ ~ ~ , : s ~ ~ ' ~ i : :i~~'~ ~;y commission expires: - ' - .'J~,>' ~ DW~iA J~ Wfl1J5 ~ ~ Y - ~ s;.~z~e oF - ~ , _ . l~oiorf Pebic. i~ ~ ~ ~ ` l ~ 1 l..q~. ~H'1~? s~. ~r. ~ ~ ~ - ~ - ~ CO ' Y OF . Cp~IMiao Exp~ri 1-18-81 ~ Before m rsona~iy a~>pearcd ~ and to mc w nown and ~ known to me to be the ~resident and Secretary y , ~ respectively ot , the corporation . K ~ 4~~ named in the foregoin~ instrument. and kn to me to be the persons as such officers oC said corporation, executed the ti~c sazac: and tbcn and there ti~e said and the said ' did acknawtcdge beEorc me that said ~ . ~ iustrument is the tree act and deed coraoraeion by them • ectiveiy executed as such officers Cor the purposes therein ~ exareised; iiiat the seal n1o attuhed ia tne cor~onte ~eal by t in iike capaciry af[ixed; all under authority in them duly vcstcd by oard of Directors of s+id corporation. ~ ~ ITtiESS my hand and officiai seal thu day of 19..:... ~a 4' ~ \otary Public in and for ~ ~ This Instrument Prepucd By• the County and State Aforesaid. ~ AIy commission expirts: ~ ~ First \ational Ba.~k and Trust Comaany of Stuart a~~K 213 ~ - ~ P. O. Dra~cr 2316 ~N ~;~~a:i. ?~:s, ti~~1)4 ~ _ _s: r' ~ , - ~ , ~ _ . ~ ~ ,~-~a.,.e ~ 3,.~ r i ~."z~,~".~.. v,:,.w ;+~.c~.~ ~x . : y ~ •b ~ ~ _ ~ f. ~ Jc