HomeMy WebLinkAbout0966 19. Bormwer's Itight to Reiauate. Notwithua~ding Leade~ i acceleration o[ the sums securecl by this \lortgage. Bor-
rower shall have ~hc right to ha~•e any p~ocecciinqs begun br Lender to enforce this ~fortgagc diuoutinued at a~~y time
prior to entry o[ a judgmeni entorciug this !1lortgage i[: (a) Borrower pa~~s l.endcr all sumt which would be thcn due under
this ~liortgage, the Note and nota securing Future Ad~•ances. it any, had no acccleration cxcurred: (b) Borrowcr cures all
breaches o[ any other covenants or agrreme~u ot Borrower contaiued ia this ~tortgage; (c) &~rroMer pays all reasonable
expe~xs incurred by Lender in entorcing the covenants a~d agreements o[ Borrower contaiued in this ~[ortgage and in .
cntorcing Lender's remedia as provided in panqraph 18 hereof. including, but not limited to, rcasonable attorney's tees; and
(d) Borrower takes such action as I.rnde~ may reasorwbly requite to assure that the lien o! this Mortgaqe, Lender's interat
i~ the Property and BorroNer'a obligation to pay the sums secured by this Alortgaqe shall continue unimpaired. Upon such
parnent and cure by Borrower, this Alortgage and the obligations secvred hereby.shall remain in [ull force and e([ect u i[
no accelention had oau~red.
Y0. Asignmeat o[ Reatx Appointmeat of Receivet. As additional security hereunder. Borrowtr hereby assigps to
Lrnder che renu of the Property, provided that Borrower shall. prior to atceleration undtr panqraph 18 hereot or abandon-
ment o[ the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleratiori under paragraph 18 hereof or abandonmc~t o[ the Property. Lender shall be entided to have a ra
cti~er appointed by a court to enter upon, take possession of and manage the Property and to collect thc rent: of the Prop~
erty. including those past due. All rrnts coltated by the receiver shall be applied tirst to payment of the coscs of ma~~ago-
ment ot the Propettr and collettion ot rents, including, but not limited to, recei~•er's [ees, premiuau on receiver's bonds and
~ reasonable attorney's kts, and then to the wms secured by this Mortgage. The receiver sha11 be liable to account onlr for
those re~cs accttallr receivecl.
Qt. Future Ad~aaces. Upon request by Borrowe~. Lender, at Lender's option within twenty ytars Irom the date o[ this
Mortgage. may make Future Advances to Borrower. Such Fucure Advances, with interest thcreon, shall be secured by this
Atortgagr when evidenced by pmmissory aotes stating that said nota are secured hereby. At no time shall the principal
amount o[ ihe indebtedness secured by this ~tortgage, not intluding sums advanced in accordance herewith to protect the
security of this Mortgaqe, exceed the oriRinal amount of the Note plus US; NONE---------~~-~--'------
22. Relca~e. Upon paytnent of all sums secured by this ~iortgage, Lender shall releasc this Ntortqaqe M ithout charqe
to Borrower. Rorrower shall pay all costs of recordation, it any.
Y3. Attornty't Feea. As used in this :1(ortgage and in the Note. "attorney's (ees" shall indude attorney's fees, if any,
which may be awarded by an appeltate murt.
jN ~V1T~SESS wNEEtEOF. BORRON'ER t1~S executed 1f71S hiortgagc.
Signed, sealeci and delivered ~ 4~~/ • (Seal)
in t pr ence of: RUBE D. GRIF IN
. ~ (Seal)
~ Q P !
LO . GR I~IN
~ r _ (Seal)
(Seal)
MICHIGAN
STATE OF IIIQR~IZ?~~X
• COUNTY OF(~1~~ ~S~
The oreRoing instrument was acknowieciged beE~rre mc this day of
' v 19 79 by 1tOBERT D GRIFF and LOIS GRI FI his wife
.
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~ ' _~Sei1~ ~
f - r• ;3 = _ \oti Pubtic
~ _ ; . r'; _ • ~1y com~~~~ .
~ ` ~ , _ ~My Public, Wayne County, Midi.
` ' ~ S~ ~ (~~`',•F-t;.ORi DA
~ '?~~~TY,~ ~ My Commission Expires 10-25-31
~
~ ~~'~G''~dre}~oing instrument ~vas acknowledged bef~re me this ~1ay of
~ .19 by and
~ , respecti~•ely,
President and Secretary of
~ cor~ration, on behalf of the cor~ration.
\Mary Public
~ (seal) ~I}~ commission cxpires:
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~ (Space Bebw 7'6[s Line Reserved For Lendcr and Recordei)
4
57 .60 . iri ~a ment ~f taxes due on
~ S 43.20 Fla. Re~•enue Stamps Recei~•ed S I y'
~ Cancelled on OriRinal 1ote.
~ Clatis "C" Intau~iblc Pcru~nal Propert~• pursuant to
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Chaptcr 134. I.aws o( Florida, Acts o( 1971.
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~ Ta: Colkctor
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