HomeMy WebLinkAbout1293 _ - r, ! 1 ~ -
prior to entry of a jttdpneat enforcing this Mortgage if: (a) Borrower pays Lender aU writs which would be then due under
this Mortgage, the Note and cotes securing Future Advances, if any, had no aoxkration occurred: (b) Borrower coca
all breaches of any other covenants or agreements of Borrower contained ie this Mo=iple; (c) Bono~ver pqY cep reasonable
expenses incurred by Fender in enforcing the covertagts and agreements of Borrower contained in thb Mortgage and in
enforcing lender's remedies a: pRmrided in paragraph 18 hereof, including, but not limited to, reasonable attorney': fen; and
(d) Borrower taken wch action a: Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Property and Bornower's obligation to pay the sums secured by this Mortpae :hall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and died as if
no aooeleratan had occurred.
Z8. Asslgrtaaeat et{ Reels; A~oisitaaeat. of Receiver. As additional security hereunder, Borrower hereby_ assigns to
Leader the rents of the Property. provided that Borrower shall. prior to aeoekrstion under paragraph 18 hereof or abandon-
menu of the Property. have the right to collect and retain such rents as tbry Seeome 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 poasession_ of .and manage the Property and to collect the rents of the
Property, including those past due. All rents collected by the receiver shag be appaiod first to payment of the coats of
management of the Property and oolkction of rents. including. but not limited to, receiver's fees. premiums on receiver's
bonds and res:onabk attonuy's fns. and then to the sums secured by this Moslgaae. 'Ihe receive shall be liable to account
only for those rents actually received. _
21. Ftittrre Aivastcea. 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 »o time shall the principal -
amouat of the indebtedness secured by this Mortgage, not including sums advanced in aooordanoe herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS...
Yl. Release. Upost payment of all sums secured by this Mortgage, Lender shall release this~Mortgage witlwut chugs
to Borrower. Borrower shall pay all coats of recordation, if any. _
23. Attorr,e~r'a Fees. Ace 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, Bornower has executed this Mortgage.
Signed, sealed and ddivered - _
in the pt+esence of: -
s ~ Idartin _~~,,.r
. ......--...................(Seal)
-eonowr
Michigan t! .
STATE OF,...... ~ :COnnty SS:
I hereby certify that on this day, before mean officer duly authorized in~ state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared- • .James R. rlaz~tin, .an, unmarried: man .
. to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.....he.... _..eaocuted the same for the purpose therein
expressed.
WITNESS my hand and oibcial seal in the county and state aforesaid this 11Fth.. _ , ,may-of
My Commission expues: G,~~ i3 / yin ~f,~L~~•
;y~l ~ ~ ~ .
Q ~ =sr=~t _
,
ti
COU
' (Space Blow This LiM Rasonad For Lender and Rac~rdled
D~fi£E baR10`l~ '3021314 1)!0~
3nN-nb ~~I~v~o ctcz i9i9 SAP 27 il= 53
~lINVdW00 30N'd2fflSNl 3"1111 OOYOiH~
FLIED ADD b= Ct~~:iliit
s RQGER
POTRASA
CLERK CtRCUI~
~X~
RECORO VERtFt~tJ
. •
BU'.1g~~ 1 p~J~,