HomeMy WebLinkAbout0459 - - - . . _ 3`'~ . _ - - -
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~X ° DOCUMENI'ARY.%~~;._S1AMP TA~ ~ . ~ .y 18
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~ ~ 11102+ ' ~ • A
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RECORO V~R~iifO.~
~ haw th~ option to nedw aad ~pp~y the sams on a~oount ot tbs indsbtednw Meund h~n ac W p~nit
~aid llorts~ to r~oeiw md n~ it uc uqr part therwt far othK puepo~e~ without t~reby waivint or imp~ics '
n4 pnity. lisa o~ r#~t undK ar by virtw o! thi~ mortga~ and in ths er~et sdd 1[oetrg~or ~hall toe aqp e~a~~oo ~
t~ ~o b~p iM nid pcemi~ ~o iewred. ar Ea~ to deliv~ prompt~r any ot ~id po~iciM ot jnwnao~ to Nid
Marc~a~, or hh~~ P~P~b~ ~ P~r ~i' ~Y P~wn cl~etor. or in any »~pect t~il to P~~• ~s~.
euut~. sfhct. oomPNte. oomp~? ~riLA aad abide by thls covea~n~ or ~ny part hereot. ~aid Martsase~ mq pl~a and
pyr Go~ a~e6 insurano~ o~ any p~rt tl~eof witbont waiving ar aftectin6 anY opRion. lisn. pui~p or ri~ht nnd~e ar bp
vfirtw a~ tl~h mat~p. and tb~ lull amouM ot e~cA and sveq? suc6 paymaot sh~U bs lmmsdt~td~ dw ~nd py?abi~
~nd sbaq bMr inb~Nt fi^om t1N d~te tlMeeo! uatil paid at tl,s nu ot t~ea per oeatum pr annnm ~nd toptMr with
w~ch int~e~t shall bs Nenrd by the lien ot tLi~ moetaap.
4. To psrmi~ oomn,ic ac .uHer ao wasc~. impairmeac o~ decarioracioa ot s.id propercy o~ anr p~rc ~ cbreof. ~
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b. To pay dl and singular the cosN. chargM u~d espsa~. inelnding re~sonabls lawyer's tee~ sad ao~t of '
abscr.eca ot cicM, tnenrred or p.id •a any cims by said Mac~ages beuwe sndror in t!~ evsat ot tIN tail~rs m tbe
part of eh~ ~aid ~[a~t~ to dulY. P~P~b P~m• ~~6R ~~ta etiett. oompbb, oomp~? wit6
and ablds by eash and every ths ~tipnlatans. a~es~a~snta. oonditiau and omroaant~ ot ~aid promiwoqr aots. ~nd ~
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tbis noorigsgs. an~ or eit6er. and ~sid cosu. ehar~ and ~penss~. Nch aud every. slull bs immedLtdy dne and ~
l~Y~bls. w6eth~r or nd there be notios. demand. ~tt~mpt to oolleet or snit pending; and tbs fuR amamt ot e~ch
and even? sucb payment sl~aU bear inte~e~t' fro~m tlrs date t6ereot untl p~ki ~t the nte ot ten per oeatwn per ;
annu~ ~nd all said coN~. elyrgM aad upeose~ so ineurr~d ar paid, to~et!?er witG sueh iwtKe~t. s1W1 bs ~seured by ~
t6s lien of tl~i~ morts~. _ i
6. That (al in tbs evwt of ~nr brs~ch ot thls n~oet`agr or d~ta~lt au tLs part of tAs b[at~ar. ar (bl in ths
• event any ot nid snm~ ot monsy hereia rrtare~ed to b~ not proa~ptty ~nd fuQ~? p~id wit6jn t~o da~n eMZt ~hae t6~ ~
saa~s rrwralbr bsooms dns aad payabM~. without demand or notics. at k1 in ths sveat e~ch and svKy tbs ~Nputatioos,
~eao~nta. ooaditioaa ~nd oo~veo~nt~ ot afd Qroa~issoq? note and tN~ mortaaas. any ar ~itMr. ar~ not ;
P~7 P~• ~+8~. ~ted. sfi~eted. oompVted. oomptied witA and abided bp. tbeo. in eitber . !
or teiy an~b e~rent, tLs s~id a~resate wm msationed ia taid proasiwory aote tMn e~emainina nap~d. wkh iote~~R
aocrued. and a11 mon~yt secured b~ebr. slull • bsoome dns aad p~yabls tortF~with. or tbereafter. at tbs optioa d~d
Mortgagrs. as tulbr aad oompbtdp as if an uf t6s ~aid wm~ of nomey were o~ginally stipn4ted to bs p~id on ~
snch da~. an~thins In a~id promis~oq? note. and or Ln thi~ mortg~ge to tl~s wntrary notwltlutaodin~ and
theee~tpoo or t6ereafter at tbs optbn of s~id S[ats~ses, witlwut notioe ~ dam~ad, aiit at Lw or in equity.
t6eretofoee. or the~tter besun, may be pe~ascut~d ih if d! moaeys sscured her~by Sad matnred prbr to ib
iaaitution. ~
7. 11ut in ths rvent tlut at ths bs~rming of or at any time peading any soit upoa thi~ mortaage. or to forsclo~e ~
it. or w rsform i~ andiar W eafoeoe paymeot ot any claim~ bsre~nder. aaid Martgagss abati apply to t6e oonrt ~
, 6~vLos juri~dietion t6~sot for ths ~ppointment oi a Recdver, iuch court shall forthwith appoint a R~aiv~ ot ~aid
~a~ P~'oP~~y all md ~inaula~. ineh~ding all and sing~lu the rents inoome profits. iaw~ and eevenner irom -
whatever aonroe derived. each ~nd every of w~ich. it beins a:~ly uadarstood is hersby mott~asd u fi
~y aet focth and de~cnbed in tbe gnnttng and habsndum c4usea hereof. and swch Reoeivar shall 6~ve
' d{ the bro~d and effeetivs fnnctiotu and powers in ~nywise entn~sted bp a oourt to a Iieeeiver. and such appoiatm~t
I shaa bs ma~le by sue6 co~rt u~n admitted equity aod • caatter of ~bsolute right w saiti Mortg~gee, and witMut
' refer~noe W the edeq~ucy or ina~quacY. of the valne ot tAe proparty mortgaged or to the wlvency or insdveacy
of s~id Mortg~gor andlor of ihe detendants. and that auch rents. pro6ts. iaoome. i~ and revsnues sluD bs apptied
' by a~eh Reoeivec aooording to t6s l~a audlor equity of aaid MatBagee and the prackice of m~ch oomt.
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' 8. It u undantood and ~~eeed that this mort~s~s i~ ~ivsn to ~ecvrs. In additi~ to t6e note or obli~stion ~
~ abovs de~aibed any ~dditioaal iwn~ or futur~s sdvanoss m~d~ withiu twenty years from date bsreot by tbs moetaages
~ W nid mats~~n or ~ny wooa~or ia. tiLls of atid mortsaaoc~ o! t6e p~ropectr 6ersby oonvsysd: pcovided tbat t6s
° cotel nnpaid balanee oi the indebtedness sec~ued hersby at any ons time sAall aot nzoeed the mazimam principd I
amonnc ot EIGHT THOUSAND THREE HUNDRED TMO AND 87 (8,302.87) Dollars
ls 1. plus ince:esc ci~erson snd .ny disbnrsems~cs made by c6e morcg.gee tor cbe p.ymenc of cue.. Ievie. a insuranoe
on t6e>pcopertY encnmbered hereby. wft6 interest on suc6 disbursemsnts.
IN WITNE33 WHEREOF, the s~d Mortg~gor tus e:ecuted this moetgaga under ied on the day and year 6e~ain
first above written.
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3igoed. ~kd and delivered ia 6s preesoce of:
' (SEAI.1
~ y yn
~ IsEAL?
~ sr~~ oF ~X Mich~gan Suzan Lynema
~ oovrrr~r oF 900U~X1ptlbc Kent
~ ~~y~p~ Sidney.lynema and Suzanne Lynema, his wife of 3250 Fillmore
~ ~ Jenison, MI. 49428
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~Od ~O LO ID}!~ ~t0~ ~ td 1D~Wl.s ~D ~ wb0 li~t~ tb! t0~'~O~TIs ~1YRi11IDl~1~.
~ 4~ ~ • ~ : ~ ~Ofr ~ ~ .•Mn~..~ ll~Cli~ Lli! ~lN ~Ot fb! ptQpO~!{ Lb![!ID !I~[!Mld. ;
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~ j.~1~~ i~ 6.oa .na otAcW .ed cb;. llth d,y of Apri 1 19 78 ` :
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