HomeMy WebLinkAbout1618 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower paya Lender all sums which would be rhea due under
-this Mortpge, the Note and notes securing Future Advances, if any, had no acoekratioa oceutTed; tb) Borrower cures
all breaches of any other covetwtt: or agreetnents of Borrower contained in this Mortpp: (c) Borrower pays all r+easonaWe
expenses incurred by Lender in rnforcing .the covenagts and agreemenb of Borrower contained in this Mottpge and is
enforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to, reawnabk attorney's fee: and
(d) Borrower fates such action as Lender may reasonably require to aswre that the lien of this Mortpge.- Lender's interest
in the Property and Borrower's obliption to pay the sums secured by the Mortgap :hall continue unimpaired. Upon tech
payment and cure by Borrower. this Mortpge and the obliptions secured hereby shall remain in full force and eRect u if
no acceleration had occurred. '
20. Asdgrrraest.of Reds; A~oWvett of Receiver. As additional security hereunder. Borrower hereby assigtu to
Lender the rents 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 ss they become due gad payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a court to enter upon. fate possession bf and manage the Property-and to collect the rents of the
Property, including chase past due. 'All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and rnllection of tents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonable attorney's_foes, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. IttttrtorsAivatteea. Upon request by Borrower, Lender. at Lender's option within twrnty years from the date of this
Mortgage, may make Future Advances to Borrower. Stich Future Advances, with interest theroott, shall be secured by this
Mortgage when evidenced by promissory tortes 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 sooordanoe herewith to protect the
security o[ this Mortpge, exceed the original amount of the Note plus USS'-'-"""~-"-""""'
22. Release. Upga payment of all sums secured by this Mortgage. Lender shall release this~Mortgage without charge
to BotTOwcr. Borrower-shall pay all costs of recprdation. if any.
23. Attorsey"s Rees. As used in this Mortgage and in the Note. "attorney's foes" shall include attorney's fees, if any,
which may be awarded by an appellate court. - .
iN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the Dresence of: -
. : ~ (Seal)
A. aichen ~ ~ ~ - ~ ~ ~
~ ~ ..............(Seal)
A s E. Hatch Jo~ -e«~w.r
STATE OF t~I.OR[DK M~Ch~gSn ..............ASS:
I hereby certify that on this day, before Inc, an ofticer~ul~r
a~horized in the state aforesaid and in the county
aforesaid to take actnowledgements, personally appeared:........ and Josue ~;3!:.his, wife......
to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that . , the}r ,executed the same for .the purpt~st' therein
j expressed.. _ - ~
~ ~ ` 3 ' -
• c•; ~ -
,r ~ . ~
WITNESS my hand and oti'icial seal in the county and state aforesaid this...:... 2~h~r ~ . ..l:'ay of
December - 19.7$.... - ~ " = ..r
MY Commission exprres: ~ , ~ ~ ~ ` -
Notate Public, Oakland Count Michigan' ' ~ ,
~ ~ My Commission Facpira November 24, 1980
l/I`i`.r...r~
• (Space BMorr This liM Rasorvrd For Leader •eW Raooe0e0 .
4
FLED HPJD RECORDED=
;.~JCiE COUNTY. F.A. i~1~ .
t k
i
- '79 JA~~ 31 PM ~2: 2S
a }
Cl.EftK CIRCUIT COUR+
S
.02 ,,~16~8
• Bi;K u f.
I
_ - - - - - - ~ - - u.~
.c.+