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6. 'T'hat (al In the event of any breach of thts mortgage or default on the part of the Mortgagor, or Ib? to
the event any of said sums of money herein referred W be not promptly and fully pa?d within ten days next
after the sama severally become due and payable, without demand or notice, or icl in the event each and every
the atipulauons, agreements. conditions and covenants of said promssrn y note and this mortgage, any or either,
are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided
by, then. in either or any such event. the sail aggregate sum m~•nUoned in said promissory note then rrmauung
unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith. or there-
after. at the option of said Mortgagee, as fully and completely as it all of the said sums of money were originally
stipulated to be paid on ouch day, anything in said promissory note, an~i • or In this mortgage to the contrary not-
withstanding; and thereupon or thereafter at the option of said I?tortgagee, without nonce or demand, suit at
law or in equity, theretofore, or thereafter begun. may be prosecuted as it all moneys secured hereby had matured
prior to its institution.
7. That in the event that at the Deglnning of or at any time pending any suit upon this mortgage, or to
foreclose it, or to reform it, and/or to enforce payment of any claims hereunder, said Mortgagee shall apply
to the court havtna iurisdictlon thereof for the appointment of a Receiver, such court shall forthwith appoint
a Receiver of said mortgaged property all and singular. including all and singular the rents, Income, profits,
issues and revenues from whatever source derived, each and every o[ which, it being expressly understood, is
hereby mortgaged as- it apeci[ically set forth and descrit:ed to the grunting and habendum clauses hereof, and
ouch Receiver shall have all the broad and effective functions and pu«•ers in anywise entrusted by • court ?
to a Receiver, and such appointment shall be made by ouch court as an admitted equity and a matter o[ sb- '
i
solute right to Bald Mortgagee, and without reference to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency of said Mortgagor and!or of the detendaihts. and that such
rents, profits, income. issues and re~•enues shall be applied Dy such Receiver according to the lien and/or equity i
of said Mortgagee and the practice of such court.
above described any additional •loans or future advances made within twenty years fr y the
mortgagee to ~iiid mortgagors or any successor in title of said morl roperty hereby conveyed:
provided that the total unpaid balance o[ the inde ereby at any one time shall not exceed
the maximum principal amou Dollars
(S ,pus interest thereon and any disbursements made by the mortgagee for the pay-
s
IId WTl'NESS WHEREOF. the said >4tortgagor has executed this mortgage under seal on the day and yeas
herein first above written
91gn .sealed and deliv to the\presence o[: THIS IS A BALIAON MORTGAGE AND THE FINAL
jjI/,' I PAYMENT OR THE BALANCE DUE UPON MATURITY •
_ a----- ..r_.. ~~rF~C~l.e{~y~ IS $21~,8SO.O0, TOGETHER WITH ACCRUED
INTEREST, IF ANY, AND ALL ADVANCEMENTS
~Y..L_...... MADE BY THE MORTGAGEE UNDER THE TERMS
OF THIS MORTGAGE.
O ~
y'Edw O. Cascardo
STATE OF ...............MICHIGAN
its L. Cascar o
/I/A rr~~ aA
COUNTY OF.-..LsLIlI~l~..:._...----•-•-• •
EDWARD
Heto~ me personally appeared
-
to me . kpe~vvn `wnd:}triown to me to be the individual S described in and who executed the foregoing inatru-
ment. •~1~, before me that .t.he~I.. executed the~e for the purposes therein expressed.
_~'~'j _
. ~ ~p~p -
E i _ s
~ "mg fund and official seal this----...~.7_.._.--day of.__.__._ v, ~ber...____......__.-.---- . 10..79
! s. u • .l ~.L
'4, e+ ~~.°t~ ~ CHE!~LE»T. KtiQLL
' • Notary Public 1n sad for
`t ,.1~.- the County and state Aio~'~iiii£ P~;;i°~. ~ ~r:'~i:.any
My Conmissi~n I:apiccs fan,,:.cy 31, 1983s
My commission expires:
' • sa.
CO OF
Before rsonW a ared s
Y PPe
and to me well known and
Secre
known to me to be the._ ~~..._._......._....President and_.._.__ vr7
respectively of the corporation '
named in the foregoing instrument. and known a to be the persons who a, such oMcsn o! said corporation.
.................._.._.._.........._...._......-----------and the said
executed the acme; and then and Users the said
_
_._._.~.._..dld acknowledge before me that Bald
instrument is the free act and deed of said corporation by them res vely executed as such ofAcen for the
purposes therein expressed; that the seal thereunto attached i, tJ?e co to seal by them to Wee capacity s1-
e fixed;Wunder wthority in them duly vested by the Board of Directors of rporagon.
i si?TTNE.SB my hand and otilcial eeal this ............._._._.....day of....._........_......_-•-- 19.._--
-
Notary Public !n and for
the County and State Aforesaid.
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• '°x321 Pa~Ei240
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