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HomeMy WebLinkAbout1442 ',t ' , ! ~ ~ )i ' prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays [.ender all aurra which would be then due under this Mortgage, the Note sad notes securing Future Advances, if any, had ao aoaleration occurred; tb) Borrower cures all breaches of any other covenants or agreement: of Borrower contained in this Mortgage; (c) Borrower pays all na:o,rable expenses incurred by Leader is eaforciag the eovenants and agreements of Borrower contained in this Mortgage and is enforcing Lender's rearedies as ps+ovided is paragaph 18 hereof, including, but rat limited to, nasonabk attorney's fees; and (d) Borrower takes such action as Under may reasonably r+equin to assure that the lien of this Mortgage. Leader': interest in the Property and Borrower's obligation to pay the sums secur~od by this Mortgage shag continue unimpaired. Upon such i payment and cure by Borrower, this Mortgage and the obligations secured hereby :hall remotes in full force and eQect as if no accekrataa bad occurred. 21. Aadgutart et RerttR A~olataseN of Recdver. As additional security henuader. Borrower hereby assigns to Lender the Hots of the Property, Provided that Borrower shall, prior to acoekration under paragraph 18 hereof or abandon- ment of the Property. have the right to collect and retain :uch ants as they become due sod payable. Upon a+xekration under paragraph 18 hereof or abaadoament of the Property. Lender sbaU be entitled to have a i receiver. appointed by a court to enter upon. take possession of and manage the Property and to collect the Hots of the Property, including those psst due. All r+errts co~lecred by the receiver shall be appUed 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 hoods sad reasooabk attorney's fees. and then to the sums secured by this Mortgage. '11re receiver shall be liable to account only for those Hats actually received. ! 21. )°n Alraaces. 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 interat thereon, shall be secured by this Mortgage when evideooed by promissory notes stating that said notes are secured hereby. At no time shalt the principal amount of the indebtedness secured by this Mortgage, not including sums advaraed in aeoordaaoe herewith to protect the security of this Mortgage, exoecd the original amount of the Noce plus USS.... Z2. Relesoe. Upm payment of all sums secured by thin Mortgage, Leader shall release this Mortgage without charge to Borrower. Borrower shall pay all coats of rocordatan, if any. T.3. Attersey"s Fees. As used in this Mortgage and in the Note. "attorney's foes" shall include attorney's fees. if say, which may be awarded by as appellate court. IN WrrrrESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the Dresence of: ~ . (seal) _ rt ~D. Foley Ray red A. Krueger. ~0"O1"" S.Q . lLz~~l~ ~-<t . (Seat) ~~Virg'~ ia~E.~~o~ey ~ -e«r~... Barbara A. Krueger STATE OF Ftp)t~t?,...:.......!'I1CHI.GAN........QIIKLAIVD., ...C6dr(il~l SS: Cfl u~rc~ I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county ~ aforesaid t0 take acknowledgements, personally appeared...Raytnond A..Kcue~r..atld. Barhara..A........ ..Krueger , . h3 s. ~ Lfe to me known to be the person(s) described in and wlio executed the foregoing instrument and aclcrwwledged before me that ...they .......executed the same for the purpose tberein ! expressed. _ 1 WITlIESS my hand and official seal in the county and state aforesaid this...........8th ..........day of February 19. My Commission expires: July 25, 1983 Q o ~l._ ~ ,,~~++""'~fiyrr '(~ti6e' t 'D: '~o7ey i~.;;,p,;o;K'bak'1'ari 'Courity;'Nlichigan • 3 r ~ ; . _ : (SpKe BNow This LirN Res~rv~d Fa lendK sod RKOrdtQ - / ~ ~ - ! ~ - ~y ~:1>~w.,o tuz 19'~ FL° 29r' 2.22 ~ l ~ '1 O~d~IH~ ' t i . ~I.Ji i:::~.1 ~ 111 f./1r 1tit41t.l1 ' ST.LpC?CCGU'M~Y.fill , ROfiETt Pt7t7RAS AEBK CgtCUIT CST T i 4'7'x'6'73 ~ ~ ~ . BOOK PA~E.L4~O - -