HomeMy WebLinkAbout2562 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 securing Future Advances. if any, had no acceleration occurred; (b) Borrower curs
all breaches of any other covenants or agreements of Borrower contained in this Morigag~e; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenatts and agreements of Borrower contained 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's 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 full fora and effect as if
no acceleration had occurred.
20. Asaiigaoreat of Reots; Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall, prior to acceleration u.~rder paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they berome due and payable.
Upon acceleration under paragraph 1 R hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of 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 reasonable attorney's fees, and then to the sums secured by this Mortgage. 'ilre receiver shall be liable to account
only for those rents actually received.
21. FWore Advances. Upon request by Borrower, Lender, at Lender s option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interat 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.
2Z. Release. UpQrI payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all cosec of recordation, if any. ;
23. AttoraKy's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any, ~
which may be awarded by an appellate court. - ;
i
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of: -
~~cP.~~~. (Seal) t
. ~ t
' ~ D. f n, ranch Of'Fice -~*°Mef '
~tichard W. Mooyyre~~,,, Sr. 3
.!~.C.... (Seal) a
' ' an , ~ ~ome - Edna M. Moore ~orrowe.
STATE of ~~~1(14~!• • • • • • - - MLCH t GAN....... Washtenaw. CotjO/ x
1 hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appearcd...RiChard.W.. Moor..e,.Sr....and.Edna.M..Moarre,
( to me known to be the person(s) described in and who executed the
~ h-i.s .wlfe
foregoing instrument and acknowledged before me that... they.......executed the same for the purpose therein t
exprexsed.
t WITNESS my hand and official seal in the county and state aforesaid this......1.7.th ..............day of
March ..............19.79-...
i My Commission expires:
,l~- BIEN D.10H`:SiON_
[Sell Jle?ary Public. W:ri.lanaw <ounfv. Michigan ry Public
My (pa~OiaWOn Eav:ray I+VY 28.19W
~ !
_
(5pece Below This Line Reserved For Lender and Recorder)
sin
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- ~ . `r•(:;,.~ r_ v AP:bdV~O~ 3~r~danS1~E 3'iitl U;id,^ili-i~
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a~~K 305: . ~-2557