HomeMy WebLinkAbout0999 /tLEO AMO NECORJEG
ST.IUC+E COUNTr Fi~.
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.ean b.v. ch. opcbn w nceir. .na apply cb. .am. oo .~oo~ac ot cu. aa.bc.an... ..cur.a h~eey or w p~mtc
nid Mo~tsa~ W receiw and uw it or anp put th~not tor ot~ puryow witLwt thaebp waivin~ or impairin~
~ny ~Qntty. li~n or ti~t uadK or by virtw ot thL mortp~ and ie tA~ ev~at nid Mortsa~ ~h~li for uU? rM~on
tai! to kMp tM pid pntni~w w inwnd. ae tail to d~ivR promptlr aay ot Mid pdkiN ot iaw~r~aa eo nid
Mortpa.., or t.tl P~PUr ~ P~r ~r ~r P~um cbKetor. or in a,~ re~p~ce fail co P~rtam, dircl~ar~.
ascua. aHsec. oompisc+• oomdr wich .ad abide br cl~b eowoanc, or .~y p.rt Mroot. ~aid Matsa~ m~y pl~a and
P~7 tor Ncb i~r~na or aay part th~rsof witAout wdvios or att~cting aay option. Ii~n. equit~ or ri~ht under ar by
virtw ot thL mort~sp. and td tull amoui?t ot weh and swry sueh p~ym~nt shall b~ iam~ediatey dw and p~yabM
~nd ~all bwr inte~wt Iran tb~ d~q ttw~eot until paid ~t tJr nt~ ot t~a pK osotnm pK annum and ta~th~ with
such iatKe~t sLall b~ ~ecnr~d by tiN liea ot tl~is mort~.
To permit. cotmoit or ruff~ no wasb, imp~iraNat or d~twior*taa ot ~aid prcpwty or any part tbereoi.
b. To pay aII and dnsular the ca~ti. ehar~ and ~spsn~a. ineh~ding re~waabk lawyer's fes~ ~ad oo~t of
~bstracu ot titis. ineurr.d or paid .a wy cims br .aid Morcp~. beeau.s •ndlor in tbs event of tM tail~n a? tM
part ~ tM ~aid MoKpsor to duhr. pe~oa~ptly and tulb? Pr'to~eo, dLehar~a. eiecute. eHect. oompMb. oomp~+ witR
and abid~ by Meh ~nd sv~rp tM ttipul~tioo~, yrNO~ab. oonditioo~ tnd oo~veoanb ot ~aid pwmiroq? oots. and
this mort;ag~s, any or wt~. aod ~ajd eoet~, char~ a~ ~sPsnssa, e~ ~nd every. a1W! bs immdfateiy dw and
P~ri~. w6ether or aot t6w~s be notica. demand. att~mpt to ooUKt or wit pending; and tM tuil amount of aacA
~nd wery wch paymeat ~hall bear intere~t hom tAa d~t~ thweot untii p~id at the nts of ten per oeatam per
annum: .ad all .aid ewt.. cbars.. and azpo.s. so incurr.d ~ paid, ca~.clar wicA sucA ince~e~c. •b.ll b~ .scured by
tl~e liea of tiw eoat`ap.
8. T6at la! in tl~ mnt of anr bewch ot thi~ mortsa~s or d~tault m ths p~rt of tl~e Mortpgor. ae (b) in t6s
- event any oi ~aid sum~ ot moary heraa rsfire~ed. to b~ not pcomptly ~nd tuCp paid within ua da~n aut ~r th~
sams ~everaIIy b~eonr dw ~ud p~yabb. witbont demaod or notks. ar le! io tbe wwt each ~nd ev~ry tM ~tipul~tion~.
agr~m~nta. condition~ snd oowo~nta ot wld promis~ory not~ ~nd t~ mortpas, any or eit6~. an not dnRy.
p~ ~~7 P~ormd. di~e}~araed. wcutd. sfhet~d. oompbt~ed. oon~plied witn and abid~d bp. th~o. ia eitbn
or ~ny ~ evaa~ LM wid ~~ate w~m msntiomd in aid promiNOry aots t6~n eemainina unpaid. wttb int~ewt
~oa~ed. and all moo~ya ~seund b~erby. shdl bs~oms dw and papabls MrtbwitA. or tl~e~itac. ~t tbe option d aid
Mortga~w, a~ inlbr and oumpkcely as it aD of tbs ~aid nim~ ot nomsy were orisinalty ~tipulated to M paid oa
such day. mythins in a~id pe~omiMOq? not~. and or Es t6i~ moetpp to t~ eontnr~ notwith~tandin~ and
the~~wpoo or tMnaft~r at tbs option of Mid l~artss~, w[thout ootin or damand, wit ~t iaw cr in eqnity.
thsretofors. or tlNnalta: be~n, may bs peo~ut~d ss ii. al! ~noe~rs a~cvred ~r~Ay 6ad matucad prior to it~ .
izuiitntbn.
7. 'lbat in tM eveat t6at at t6e be~uniag d or ~t any tinw p~odint aay suit upoa t6L moctsa~, or to fase]o»
it, ar W r~farm It, u~d/or to eafora p~ymwit of aey cW~ h~nund~r. aid Mactsa~ ~ball apply to t6s oo~t
havu~ jnri~dietion Lbwrot tor ths appointmsot ot a Rec~iv~. wxb aaut ~6aII torthwit6 appoint • R~aivR d~d
morts~~ed Peop~t7 alt aad ~in~ular. inch~8 aU and doau{ar tM wnt~ inooeoe profita. iawe~ and nv~onM from
w6at~ver aoaros daiwd. Mch ~nd ev~ey ot whkb. it b~ins up~lr understood 'u h~nby mo~tp~d u if
~peeiRalt~ ~et foeth aed dMerib~d ia t6e aranth~ and 6ab~ndnm cian~a hereoi. and sac6 R~o~iwr ~hall luve
'j all tbs broad ~nd eiheciw tunetiooi ~nd powers in anywis~ sntsuited bp a eonrt w a lteeeivar. and auh appaintmeot
~ sball bs m~d~ b~ mc6 onurt u an adinitted equity ~ad ~ matter ot absolnte right to wid Mortgagee, and witMut
~ ref~nos W tl~s adpwcy or ieudeqwey of the valus of the prop~ty matgaged or to We ~olvencp ar iaidvency
! of said Mat~~gor and/or oi tbe deteadants. ~nd t6at such re~b.
by a~eh Reo~iver aeoadins to tM kin ~nd/cr mty ot aaid R M u~come. iwue~ and rsven~ ~h~ll bs ~pp~ied
eq ' oetgsgee and t6e pnctice of a~cA oo~ut.
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~ S. It i, unde~scood and ~areed that tLi~ moct~ap u ~iwn w.~cnra in addicioa co t6. nae oc obii~ation
~ abovs ~bd any addition~l ioan~_ar tnWr+s advanoa m~ within tweaty ye~r~ [rom dttr h~rwt by tbs mo~tssees
to aid mortp~ or ~n~ ~uooM~or in titr ot wid mo~t~oer o! tbs ProP~'tr 6ae~SbY conva~r~d: provid~d thai cbs
` cotal unpaid b~Lnoe ot ths indebtednsw ~seured hereby at my oas tims stull not ~oeed the muimnm P~+Pv
F .ma~ns ot NINE THOUSAl~1D SI% Hu1DQSD ?NELYR AND Ro/100.-----•••------------•.Doltan
~ 14 plw int~t tbweon and any di~buriementa mad~ by tbe mortaaaes for tLs p~yment of tases. iwlM ar iawuanee
aa the prop~rty encumbeerd Durby. witb intenst on wc6 di~barssm~snb.
IN N?ITNE33 WHEREOF, the said Matgagrx has ezecuted this mortg~s unde~ seal on the day -~ear be~ein
first abovs writtea. .
Sigad. wlsd and deljvsred ia ths presenos of:
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~ W ~lI iH6R 1R IsEALI
~ ~~G~C~u~~aPJ~ 19EAL1
GIAAIA L. EYERTS
~ srw~ oF ~ ~ ~6~*+
cocn~rr~r oF j~'E-~r~
~ ~ p~n,~y„pp,.~ WM. MICliAEL NEIrHERCtTr OF S18 Crapo. Flint. !lich.' 48503
~ A1D CL~RIA L. lLY6R2S OF SO10 Stoeuy Crsek, H.N.,
' Co~stock P~rk, Mich. 49321
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w m~ wdl knc~wn and imo~wn co m~ to b~ eh~ indi~dwlS dMaib~d in ~od wbo a~eutd th~ fae~oins i~truaseot,
~ and ~nowbdpd b~fae~ tos tbat ~.d.)l. a~cutd tbs ~am~ fa t~ p~pw~s tb~edn s:~e~d. .
~ wtT[vESS m~ haoa .na otAd.t ..d shi. 27th d,r ot February lg
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