HomeMy WebLinkAbout2691 prior to entry of a judgment eatorring this Mottp,e it: (a) Borrower pay: Lender aU :warts which would be then due trader
this Mortgage,'the Nde sad acts securing Future Advanoa. it any. had no aooekration occurnd; (b) Borrower curs
all breaches of any other coveasnts or agroements of Borrower contained io chit MoripBs; (c) Borrower pays aU reawrtabk
expense: incurred by header in enforcing the oovenagts and a8reeirteab o[ IBorrower contained in this Mortpp and is
enforcing Lender's remedies as. provided in paragraph IS heroot, including. but sot limited to. reasonable attorney's tea; sad
(d) Borrower takes such action as Leader may reasonably rrquire to assure that the lien of this Mortgage, Leader's iatetest
in the Property sad Bon+o~wer's obligation to pay the sum: securod by this Mortgage shall eoatinue uobnpaired. Upon Latch .
paytttettt and ruse by Borrower, this Mortgage sad the obliptions secured hereby shall canaia in [qq force and eRect as it
no accekratioa had occurred.
20. Aadwest of Ratbl A d Receiver. As sdditional security hereunder. Borrower Iteceby assigns to .
Lender the rent: of the Property. provided that Borrower shall. pcbc to aoeekatioa wader puagcaplt 18 heaeot or abandon•
meM of the Property, have the right to collect sad retain such real: as they becoaate due sad payable.
Upon aoakratiat wader paragraph 18 hereot or abandoaattertt of the Property, Leader shall be entitled to-.have a
receiver appointed by as court to enter upon. take possession of and massage the Property sad to collect the r~eatb o[ the
Property, including those past due. All rsnts collected by the rooeiver shall be applied lust to payment of the -coats of
manasemeatt of the Property sad collection of rents. including, but not limited to, receiver's tees. premiums on receiver's
bonds sad reawaabk attorney's fees. gird then to the sums secured by this Mortgage. 'Ibe receiver shall be liable W aocourit
only tar those rents actually received. .
21. >Retere Aaiivatxes. Upoa request by Borrower. 1,ender. at Lender's option within twenty years tram the date of tha
Mortgage. may make Future Advances to Borrower. Such Future Advances, with interest thereon, shag be secured by this
Mortgage when evideaood by promissory notes. stating that said odes are secured ber+eby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not igcluding sums advanood in aooordaoee herewith to protect the
security of this Mortgagt, exooed the original amount of the Nde plus US: -
=2. lftiiease. Upgn payment of all suns: secured by this Mortgage, .Lender ahaq release this~Mortgage without a;harge .
Io Borrower. Borrower :ball pay all costs of recordation. it any.
. 23. ABaewey'a Fes. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's tees. it say,
which may be awarded by as appeilase scurf.. ~ -
it» ~ilmtt3a Wesreta~og. Borrowar his wed this Mort=,tye. -
SiBasd, sealed sad delivered'
in the presence ofs
G
`~o r.~.Q~ x'11 ~ ~ ( )
.....`'r-!'1~}.r:'4:. seal
~.o u~ se e . sNo~w<«- Michael H. Beaudoin
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• • • • • • • • .......ri/ia L~ .~..Yt~YflY ~.i............ (seal)
MAR Y! ~ - ~ L ~-s Beverly A. Beaudoin
STATE OF MICHIGAN,.:...........:..COUNTY OF OAIU.AND
I hereby certify that on this day, before tae, an officer duly authorized in the state
aforesaid and in the county aforesaid to Lake acknowledgements, personally appeared...
Michael H. Beaudoin and Beverly A. Beaudoip,.his v1fe.......to me known to be the person(s)
described in and who executed the foreg, ~dtap~teat and acknowledged before tie that...
they.... executed the same for the pups;.=expressed.
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WI S my hand and official t3 - ~ rand state aforesaid this!.........
des of ~j 19~~' ~~y
.t~~.•4k Ott,,:;
MY t701~IlrlISSION EXPIRES: ~ `%t~
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(sNa ta.ten TtMs ue.11...rv.a Fir t~ssr wM tssoa~
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ri~cD i.t~ RECORDED'
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