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HomeMy WebLinkAbout1510 ~ - prior to entry of a jud~ment entorcing this Mort~age if: (a) Borrower pays Lender all sums which wouid be the~ due under tAis Mongaae. the Note and nota securi~~ Future Advancas. if any. had no aoak~ation occurred; (b) Borrower cures all breaches of any other coveoants or agreements o[ Borrowe~ contained in this Mort~age; (c) Borrower pays all reasonable ~ expe~ses incurred by Lender in enforcing 1he coveoagts and agramenta of Borrower contai~ed in this Mortgage and in enforcing 4e~der's rert~edies as Qrovidcd in pangnph 18 hercof. including, but aot limitod to, nasonable attomey's fees; and (d) Borrower tates such action as Lende~ may reasonably rcquirc to assun that tNe lien of this Mortaage, Lender's intercst in the P~opetty aad Bomower': obligatio~ to pay the sums xcuted by this Moripge shall continue unimpaired. Upon :uch payment aad cun by Borr~ower, this Mortgage and the obligationa secured hereby ahall remain in full foroe aad eQcet as if no acceleration had occurred. 20• Aatl~west ot Resfr AppoiMme~t of Receiver. As additional xcurity hereunder. Borrower hereby usigns to Lender t6e e+ents of the Propeny. provided that Bornower shall, prior to accekration under paragraph 18 hereof or abandoa- ment of the Property, have the right to collcet and rctain such rcnts ss they becoa~e due aad payabk. Upon acakration under paragraph 18 hereot or abandonment of the Property. L.ende~ shall be entidod to have a receiver appointed by a oourt to enter upon. take possession of and manage the Pmpetty and to rnllect the nnts of the Propeny, including those past due. All rents collocted by the receiver shall be applied first to payment of the coats of management of the Ptopeny and collection oi rents, including, but not limited to. roceiver's feat. premiurtu o~ roceiver's bonds and reasooabk attorney's toa. a~i then to the sums secured by this Mongage. 7Le receiver shall be liable to account onty foc those rents aetwlly roceived. - 21. Frhre Ad~asces. Upon request by Borrower. t.ender. at Lender's option withia twenty years frotn the date of this Mongage, may make Future Advancac to Borrower. Such Future Advances. with interest thereon. shall be secured by this Mortgage when evidenoed by promissory notes stating that said notes art socured hercby. At no time shall tt~e pri~?cipal amouat of the indebtodn~ss socured by this Mortgage, not including sums advanoed in aocordance herewith to protect the security of this Mortgage, exceed the origi~al amount of the Note plus USS. 22. Rdara UpQn payment of all sums secured by this Mortgage, Lender shall relcase this Mortgage without chuge to Borrower. Borrower shall pay all costs of recordation, if any. 23. Adoney's Fees. As used in this Mortgage ~~d in the Note. "attomey's fees" shall include attorney's foes, if any, which may be awuded by an appellate court. IN WITNESS WHEREOF, Borrower has cxecuted this Mortgage. ~ Signed, and delivered in the D ce of: . ~ . . . . . . ' . . . . . . . . . . . . . (Seal) ~F. obert~ DiMaria~ ~ ~ ~ -e«.owe. . . . . .'.?.1. . c : . : . . . . . . . • , ~~~:'u.t!~f ~ . . . . . . . . (Seal) Barb ~ra~L. Maria --eo.~. STATE OF ~~C~IP~. . . . . . . . . . . lY1lCH I GAN . . . . . . . . . . . . . . . . . . . . .~.007~1~~I SS: I hereby certify that on this day, before me, an ofi'icer dul authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appearcd... ~•„Robe~t_ Oihlaria. and_Barbara.l: • ai.Naria,. hi.s .wi fe . to me known to be the person(s) described in and who executed the , fore~ing instrument and acrnowledged before me that. th~Y ......executed the same for the purpose therein expressed. . i ~ ~ ~ W~TxESS my hand and oft'icial seal in the county and state aforesaid this. . . . . . . . ~ ~?th . . . . . . . . . . .day of I June ...................t9.~9.... ~ My Commissan eapues: - ~ , + / j`..~~/ ~ i ~a,:<<~~i~~, . . . lG:. ~4~~.f~~. . ~4.(. f~-C.,~~~... . . . . . . ~~~i f~`~%.,` ?1.ICHAEt A. ,SOUTHEN t ~ Q~fy Notary Public, Gaklan~ County, M:ch. ~~l ~ .o~,- .•a ~ O~.y~~?~ . Yy Commission E~cpires Ju;y 21, 1962 ~Q~;,, : c` ~ : ' ~ ~ g ~ ~ }.i~ G ~ a ~ , ~ ~ : ~ c :y~ ``1 Y'` - J~,p. ~ ~G : ~ ~ ; ~ ~r`~ ,-c P 3' ~ , f ~ ~ ; , O O~ ~~':..'~o~~pP ~ ~ • GN~C~G Z~ Q~ERG~~ ~ ~~i.~,~;f~ , , (Spsce ~w~This ~ine Res~rvW For lender and Recoroer) r z 's ~ ~~19 J s~ ~ 2 ~ i ~ J ~ ff EjLEO At,t) r.t~,~~;•tJ ~ SL IUUE CuE+.Y f Y. Ft ~ ROGER POi ; F+aS ~ t1.EP.K C1RCUt ~ ~ ;;UR x:c~r~n v~r:~~-.~-c_ 9. ~,c,.~,~~- ~ ' • 45 1148 ~ . 5'~~iKJ1~ ?aGF1,5V0 . _ . - - - . : ~ ~ . . _ . - ,