HomeMy WebLinkAbout0708 ~ r
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; tb) Borrower cures
all breaches of any other covenants or agrcetnents of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agrcemerls of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided iti paragraph 18 hereof, including, but not limited to, reasonable attorney's 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's obligation to pay the sums secured by this Mortgage shall continue unimpait+ed. Upon such
payment and curs by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Astigameat of Rents: Appoiottncat of Recelrer. As additanal 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 rnllect and retain such rents as they becane 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 first to payment of the coats of
management of the Property and collection of rents, including, but not limited to. receiver's fees, premiums on receiver's
bonds and reasonable attorney's foes, and then to the sums sceured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Fntere Adraacss. 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 sxured by this
Mortgage when evidenced by promissory notes stating that said notes are sccurtd Itsrcby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in aooordance het+ewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS~r.~+rrr.~.r-.~trrz-Tr-tt-r-
22. Rdeasa Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay a0 coats of recordatan, if any.
23. Attoraxy's Fees. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's foes, 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: '
.~.J" ~?~c~- _ (seal)
Bern rd J. Tabo '
. af. s/. . `.'r~-. /.4ct~/rN............ (seal)
b~ /~y P y~ c 4 n~ dine M. Tabor -
~U- Geral
STATE OF 171~9~1d~, ........Michigan .......................bKtt~t'~Jss:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.. 13~rnaCd. s1.•. Ta44r. ialld .f~gCpldi_n~,fl,_ Tabor,
• •h i s - wi #e . . . . • to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that. they.........executed the same for the purpose Werein
expressed.
WITNESS my hand and official seal in the county and state oresaid this......3!'d ...............day of
( ..November. 19..79
`t My Commission expires:
~ .arlllr
. [sMf) Notary t~ublic
• ~ . ~ Notary Pub';.. !;';,~~mh t~°ch?-•
. 2,. i:Yl
$ 3. .
. ~ ~y~
t~ .
_
(Space nelow This Line Resarvad Fa Lender and Recordeh
a5~~ t~ar»o7~ '3~~3rd 1~0~
~ ~ 1- ryr-
~ i ~
f c t% ~ to n. ~ t
ST lL~: tt":Lti -
~ t~E:,K ti~q,9T CG
~ z
45'748
- e~~K 320 PAGE