HomeMy WebLinkAbout0295 p~ior to entry ot a judgment entorcing this Mon~age if: (a) Borruwer pays Lender all sums which would be then due under
this Mar~ga~e, the Note and notes securin~ Futuro Advances, if any. hsd no aceeleration occurred; (b) Botrowe~ cura
ali breaches ot any other covenants or agreements ot Borrawer contained io this Mon~age; (c) Bomower pays all rcasonable
expensa incurred by I.e~der in enforcing the covenagts and a~reemeuts of Borsower contained in this Mortgages and in
enforcing Lender's remcdies as provided i~ paragraph 18 Aereof, includinj. but not limited to. reasonabk attomey's toa: and '
(d) Barrower takes such action u Leoder may reasonably reyuitG.to assure thst the lien ot this Mongage. Lender's interat
in the Propeny and 8orrowe~'s obligation ta pay the surns secured by ~his MoKgage :hall continue unimpaired. Upon :uch
payment and curc by Borrower, this Mortgage and the obligations secured hercby shall remain in full force and eQect as it
no acceleration had occurrcd.
20. Assi~smeat ot Rent~ Appointmeai ot Receivsr. As additionsl security hercunde~. Borrower hercby assign: to
I_ende~ the rcnts of the Propeny, provided that Bomawer shall, prior to acceleratan under puagnph 18 hercof or abandon-
ment of the Property, have the right to collect and retain such rents u t6ey bocome due and payabk. '
Upon accelention under paragraph 18 hereo( or abandonment of the Property. I.ende~ sha~~ be entitkd to have a '
receive~ appointed by a~wurt to enter upon. take possession of and manage the Property and to coltect the rents of the
Property, includi~g those put due. All rents collected by the receiver shal! be applied first to payment of the costs ot
management ~f the Propeny and collection of rcnts, including, but not limited to. teceive~'s fees. prcmiums on roceiver i `
bonds and reasonabk attomey's fees, and then to the sums securod by this Mortgage. The roceiver sball be liable to account ~
only for those rcnts actually received. ~
21. Frtrre Advasces. Upon requat by Borrowe~, l.ender, at t.ender's option within twe~ty years from the date of this
Mortgage, may make Fuwre Advances to Borrower. Such Futurc Advances, with intercst thereon, shall be securcd by this
Mortgage wt?on evidenced by promissory nota stating that sxid notes are stcured hereby. At no time shall the principvl
amount of the indebtodnas socured by this Mortgage, not iocluding sums advanced in accordance herewith to protect the
secunty ot this Mortgage, ezcoed the original amount of the Note plus USS.
22. Rekaee. Upqn payment of all sums securcd by this Mortgage. Lender shall release this Mortgage without chuge ,
to Borrower. Borrower sha11 pay all coats of recordation, if any. .
23. Attorney's Fets. As uscd in this Mortgage and in the Note. "attorney's [ees" shall include attorney's fea, if any.
which may be awuJed by an appellate court.
IN WITNESS WHEREOF, Borrower has cxccutcd this Mortgagc.
Signcd, scaled and delivered
in thc prescnce ot: ~
~ ~ ~'~.1.~,,._
- • . . . . . . . . . . . . . . . . . . . .
J . s . . Jot~n$~ . . . . . . . . . . . . . . . . .
.-eorrowe. .
~ . . . . . . .............(Seal)
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Dorot ~M. Johnson -ea~
~Y
STATE OF ~M.ORlD~A . . . . . . . . . . . . . . MICHIGAN . . . . . . . . . . . .~}ISS: .
1 hereby certify that on this day, before mc, an officer dul authoriud in the state aforesaid and in the county _
aforesaid to take acknowledgements, personally appearcd . . . ~~.ose~h , Z Johnson. at~c~ Dq~ot~y, .I~. . . . . . . .
j Johnson, his wife to me known to be the person(s) described in and who executed tbe
~ foregoing instrument and acknowledged before me that. they, ,,,,,_ex~ted the same for the purpose therein
` eapressed.
~ :
~ WirNess my hand and ofi'icial seal in the county and state aforesaid this. .2Q~b .........day of . _
September .~~q,78
~ My Commission cxp~res: ~ , . ~ - ~
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