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prior to entr} of a iudgment enforcing this Mortgage if : t a 1 Borrower pa}•s Lender all sunn which would be then due under
this Mortgage, the Note and notes securing future Advances, if an}', had no acceleration cxcurred; ih) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; Icl Borrower pa}•s all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this mortgage and in
enforcing Lender's remedies as provided in paragraph tR hereof, including, but not limited to, reasonable attorney's fees; and
Id) Borrower takes such.action as Ixnder may reasonably require to assure that the Gen of this Mortgage, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Assignment of Rents; Appointment of Receiver. As additional 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-
mcnt of the Property, have the right to collect and retain such rents as they becotre due and payable,
Ulx~n acceleration under paragraph 1R hereof or abandonment o[ 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
Pn.~pert}•, including those past due. All rents collected h}• 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 fees, premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account ,
only for those rents actually received.
21. Future Ad~ancea. Upon request b}• Borrower, !.ender, at I.endcr'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 arc secured hereby_ At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums adv ncg in cordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS 2~i3~0-~• • • • • • • • • • • • • • • •
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage. without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and iq the Note, "attorney's fees" shall include attorney's fees, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
J
c ~ ~ Signed; sealed and delivered
~ to the presenc of: •
, j ~ . lnk' cc ~ .0.~ (Seal)
' --j ~ Leoctard E. Palis I+• -sorrowe?
/ ~
"...JAS 4,/~LQ/........ ~-Q!..." . (Seal)
Irene Frangakis J e P. Hunter '~O"O1""`
-1 MIt~iIGAN ~
.
~ STATE OF F . ...................~dyll!~ ...............000Oty SS:
_ ~ I hereby certify that on this day, before mc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared T. I.~•. HU11<I'ER dl'1d ~JANIE. P... ~i[11TiER... .
his .Wife.......... . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that....they......executcd the same for the purpose therein
expressed.
I E my hand and official seal in the count}- and state aforesaid this ~..~.G
:.............day of
! ~ . 19 .$Q .
My Commission a Ices!' ~ ' ~ G ~ - / }
k [s.an?, • )UANITA V. CHRZAN~ tvotary Puotic
- J ~ ~ ~ Nctary Pubiic, Wayne County. ht~ct~igan ~ 1 ~
. My Commission Expires January 19. t98?
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