HomeMy WebLinkAbout1620 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes scouring Future Advances, if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower rnntained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrower i obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in fuU force and eBect as if
no acceleration had oceurred.
20. AsdgaeteN o[ Reots•, AppoiMtaeot of Receiver. As additional security hereunder, Borrower hereby assigns to
Lender the renu of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents a: they become due and payabk.
Upon accekration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a court to enter upon, take possession o[ and manage the Property and to collect the rents of the
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and collection of rents,, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonabk attorney's tees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Restore Advsraces. Upon. request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrowtr. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby.' At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS...'-"""""'.:".......
Z2. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay aU costs of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of-
. . (seal,
Paul iser ~O'riD1"•~
~1G~~ 4t.1. .........(Seal)
Louise Kaiser -eor'°'"~'
STATE AF . M I CH•IlAN ..................)Cbpfl~y ss: l.Gt_ L" ~~C W
I hereby certify that on this day, Ix:fore mr, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared... Paul -Kaiser- •aad• Loui.se• Ka•i ser•, •bis• ~ri.fe
• • • • • • • • • • . • to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.......they• • .executed the same for the purpose therein
j expressed.
f WITNESS my hand and official seal in the county and state aforesaid this.......315z .............day of
f
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