HomeMy WebLinkAbout2592 ..w
t
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays !.ender all sums which would be then due under
this Mortgage, the Note and notes. securing Future Advances. if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenant: or agreement: of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lander in enforcing the ex+venagta and agreement: of Borrower contained in this Mortgages and in
anforciag Lender's remedies u provided in paragraph 18 hereof, including. but not limited to, reasonable attorney's fees; and
(d) Borrower takes such action as Leader mad reasonably require to assure that the lien of this Mortpge, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
moment anet n~n+ by Anrrrurer tide 11~1otte~oe sHl the nhlioatinns secured herebv Shall remain In full fora and affect as If
no acceleration had occurred.
2A. Aadgs>Aeot at Resst~ Appoisstnteat of Reseeiver. As additional security hereunder. Borrower hereby assigns to
Lender the tents of the Property, Provided that Borrower shall, Prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such rents u they become due and payable.
Upon accekntion 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 put due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to. receiver's foes, premiums on receiver's
bonds and reasonable attorney's fexs. and then to the sums secured by this Mortgage. 'ILe receiver shall be liable to account
only for those rents actually received.
21. Frtttlre Aivasica. Upon request by Borrower, Lender, at Lender's option within twenty years ft+om the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon. shall be secured by this
Mortgage when ewidenoed by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in aovordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS
2T. Release. Upcta payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay su costs of recordation, if any.
23. Attoreey's Ras. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees. if any,
which may be awuded by an appellate court.
[N WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
C........
-Michael T. Ryan ~OQO""
A A . / / /1
~ Q.e..~.C ff_ ltt.~t~v./ .G~i:G~ (Seal)
~iC,. .
Y Y
STATE OF A, Mich igang 11~1~-;C Q .t:^. b........~Ifff~r/sss:
` thereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the eotutty
aforesaid to take acknowledgements, personally appeared.. Micbae]..T...Ryan. and .Bettry .J. -Ryan.,- - • • • -
.his. rtife . to me known to be the person(s) described in and who executed the
~ F
j foregoing instrument and acknowledged before me that....they. • • • • -executed the same for the purpose therein
~ expressed.
WITNESS my hand and official seal in the county and state aforesaid this....... 20xh ............day of
....~t~Jnke~r ....................19.7....
:qty Co exptres: ~ ~ ~ ~ ~ N .
_ t
NY Conari~~syr f..r:t~s h~3/ 9, i~32 ~
- r
~ _
'
(Spate nelow This Line Reserved For Lender and Recordeh
i
t - `
.:~U, LILZ ~
i
~ j
to i~ito*+icoat+to
i~~~itR~?S~
3 ~t•ct>M v~lt~~o~
4'72'75
a
~2 ~~Qt s
ac!oi3~ PAGE~J01