HomeMy WebLinkAbout1678 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pay: Lender all sums which would be then due under
this Mortgage, the Note and note securing Future Advances, if iny, had no atxxleration occurred; (b) Borrower curs
all breaches of any other covenants or agreements of Borrower contained is this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in en[orcing the covenants and agreements of Borrower contained is this Mortgage and is
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney': 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 a obligation to pay the sutras secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligatioru secured hereby shall remain in full force and effect as if
no acceleration had occurred.
2®. Attt~rtxat of Rertts; Appolatttseat of Receiver. As additional security hereunder, Borrower hereby assigns 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 as they bernme due and 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, 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 tint to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receivers fees, premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 77te receiver shall be liable to account
only for those rents actually txceived.
21. Fotnre Advssces. 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 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 prottct the
security of this Mortgage, exceed the original amount of the Note plus USf...
22. Rdalse. Upon paytneat of all Burns secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any. '
23. Atooraey'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.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
I~ w
.~~[rQ~"`^'1 • (Scat)
Glenn Ten Brink -eomowa.
~~~'i~/lw~i-. s ~ • (Seal)
~ is Ten Brink -eonowe<
STATE OF ~~~y(t~/( . ............MICHI~I a~''~!~-:...O~i~It~SS: '
[ hereby certify that on this day, before m~:, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.... G~CA~. Seri .$~~t1k. ~'id .~11~7-:4 .~64. ~T~1ilC, .
.....his.lai,a~e . to me known to be the person (s) described in and who executed the
foregoing instrument and ackttowtedged before me that ...they _ .....executed the same for the purpose therein
expressed.
j WITNESS my hand and official seal in the county and state aforesaid this........i$th ...........day of -
..............Iday...............,19.79
~ f1Ay C_
ommission exprr~es: ~ . ~ .
i ~ ~~1 riotsry Public
>
illCltt[! il., ftzUtTItOFF
NolarY Pub1k. Olfiiwi County. IVAfchlgan .
~ COnxetlybn -t~arrsa July 21, t9t10
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(Space Below This Line Reseroad Fa Lender and RKOrOeh
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X19 f~,i~ 19 ~~~f Q2
Ie.to ~Na NE6tiauEo
~T~t~GER
PdtTRASA~
CLERK CIRCUIT CO
RECORD YFRiF1[U~;-~~~;c.~~' .
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4458'~~
• BOGK 009 PAGE16?5
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