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ZUat ta th~ ~vent ot ~ny bnach ot thla mortgas~ or d~fault oo the p+?rt ot ths I?Iort~ago~, or Ib~ tn th~ eveat any ot qid iuma ot mon~y h~rela reltrred to De not pmmptly and tully pa~d w~thln ten daya next - atter th~ sam~ ~everally becom~ du~ and payabl~, without demand or ~ot~ce, or ~c) in the event each ar~d every th~ at~pulations, a~reeme~ta, conditloo~ ~nd covena~ts ot as~d pmm,sso~y note and th~s mnrt~age. any or elther, an not duly, promptly and lully perto~med. d~scharged, executed. e[fecte~i. completed. complied with snd ab~ded py. then. ~a eithe~ or any such event. the aaid ~ggregate sum mrnt~~ncd ?n sa~d prom~ssory note then rcmauung unpa~d. witb intereat acerued, and all moneys sec~~red h~reby, shall become due and payable torthwith, or the~e- attec, at the option of uid Mortgagee, u tully and completely as it all ot the sa:d sums ot money were onglnally atlpnlated to M p~i~ on such day, anythinr in sa~d prom~asory note, an~t ~ or te this mortgege to the contrary not- w~thstanding; and thereupon or thereattar et the option ot said 1?lortgsgee. w•ithout ~obce or demand~ suft at law or in equlty. thsntofocy„ or thereaiter be~un, may bs proaecuted as ?t all moneys secund hereEy had matuced ~rior a Ib tnauwuon. ~ 7. That ln th~ event that at tM Desinal~ ot o~ at aay ttme pending any auit upon thfa morigats, or to ~ i foreclo~s it~ oe W eetorm lt. and/or to ~atorw payment o! any cluma henunder. said Mort~ee ahal! ~pply • to th~ court ~avir~ iuri~dicdon thereot tor the appointment ot a Rece?ver. such court ihall forthwiW appoint ~ Receiver ot said mortgaged propert~? all and singular. including all. and singulu the rent,. lncome, proffta. tssuea and revenuea trom whatever wurce derived. each and every ot which. it be~n6 expresaly understood, t~ hereby mortgaged as it ipeciticaily s~t tortA an~i descr~ted in the Rrunting and habendum clause~ hereot. a~ ~uch Receiver shall have W the broad and ett~tive functinns anA {w~~•er~ in snyv?iae entrusted by a court to • tt~ceiver. and such appointment ahall be made by ~uch court as an admltted equlty aad a mattee~ ot ab- ~olut~ rfrht to aafd I~[ort~e~. and wlthout reterence to th~ adequacy or Inadequacy ot tha value o! th~ prop- ~rty mo~ or to t2u iolvency or inaolvency ot aa~d MortRagor ar~dior ot ths dKendants, and that ~uch r~nt~, pro ta. lncome, issuei and rerenuea shaU be appiled py auch Receiver according to tAe Ilea aad/or equity of aald ~tortaaae~ aud tha, pracdce of auch courf~ above descr~bed any additional loans or tuture advances made within twenty years y the mortgagee to ~aid mortgagors or any successor in title oi said mo property hereby conveyed• providecl that the total unpaid balance of the ind ereby at any one time shall not exceed the maximum principal amo . Dollars , p us interest thereon and- any disbursements made by the mortgagee for the pay- IN WITI~E33 VVHERSOF. ths sald Mort`a~or au ~xecuted this mortsa~ under ~eal on the day and yeu Aerein first abov~ wrlttea. 9taned, iealed snA dellvered /n the preaence ot: RICHARDSON & LONG, a Michigan Cb-Partflership As o Delwin B Richardson: ! By : ~l,~.,..,.;,~ /,1 ~ win B. Richardson _ - ~ r ~ ~ As James T. Long: i~ames T. Lo L_ . ST T'E OF......~Ia A.».........~.. ) COtJNTY OF.. MA~'ZN ~ ~ , Hetor~ a~ rsonau a DELWIN B,L,.RIC,.HARD~N..a~~ T".... w r vw~__.._ ~ ~.G L1.... ...L.....~~ i.F DTl~tTTOT~/~1i e T/11~1/~- L:..L.:.~ /'~.._Dar~-.+~..e~1+is~ ~...;,ty,~• _ _ "'1t~ii..• ' •Awai...a...yvaNas.*~..ir._.r-' - '.r~~~ - -.~.-wa.-~.+r~..r..i+~.........._... to me-wel~ pnd known to me to be the individual._._ deacribed 1n and who eacecuted the toregoing lnstru- ; me}~c ~ud. wkd~ed betore me that ....he.._. executed fhe same for the purpose~ therein axpraased. i 4 i/ . i i ' ~ - • . . ~ ~ wniv~ss a,~r ~a a~a orn~iai ct~,..-----~-.16t.~?.....a.y or • I"~r ia~..~ f ` ` . . . . . , I , N ^ liC in and ..oE ~ th Couaty and State Afonaald. ~ = . ! i?~[y cocnmtasioa expires: - /3- 8D ~ oovrrrg oF ~ Befon m~ peraonW~ appeared..._.._.---...__._.___....___.__..._._.~_ ~ ~ _ to m~ wW lmown and ~ known to me to be the.....••---._.._...-•-_......_...._.Pr~ddent w~..__........_....._.._.._.. Secretar~ ~ 'p~~ respectively of t!a corpocaUon ~ named in ths fore~oins in~truai~a~ anA lcnown to me to bs th rwn~ who aa ~uch otitcen o! u1d corporatlon. ~ acecuted the same; and tban azW th~n the ~ald .....~.----_..._..__....._.........._.~.._........_.......•_---..._..___aad tM ~aid ~ ~ . ~ ...._..dtid aclmowldae bdo» me that ~aid tnsUvment L t1~e hee act and deed ot d corporaUon by them respsetlvely ~scuted a~ auch oMcer~ ~!r tD~ ~ purposes th~nin exprea~ed: that ~eal thenunto attached L th~ oorporab ieal .by tbeaD Ui Wq capaclty af- ; fi~ced: W unaar authorlty fn duly vestaA by the Board of Dlrectors of satd caspor~tlon. - ~ , ' Wl'Pl~88 hand aad o[l1cf~1 ~1 t2W-•-.._.._...._..__._. d~y ot_...._.._...._......_.......~....... 1~..~ j f 5 ...«....~.........«.r.......~«......~.~....~~~..~-r...........~«....~~~ ~ , Notaq? Pubtic /n ana for ~ ths Coamb and 9tab Afoswld- ~ s y o0 on up . ~ ~ ~ ~ ~ ~ ~ gnr E ~ C 3U6 ~V~ s ~ ~~i ~ ~ ~ . 3:~~!- ~ . y ~.i-~: . . ~ . _ `i= w~-~~-.~