HomeMy WebLinkAbout2663 .
l~ ,
~
prior to entry of a judgment enforcing thu Mortgage if: (a) Borrower pays Leel~`er"a~l suiina *?1ifEb woukt bs then due under
this Mortgage. the Note and gores securing Future Advances. if any, had Ap- ~ (b) eorno+ver egret
all breaches of any other covenants or agreements of Borrower contained itt , ~
expenses incurred by Lender in enforcing the covenants and agreements ~ . ,
enforcing Lender's remedies as provided in paragraph 18 hen~of. including,.
(d) Borrower takes such action as Lender may reasc+nahly r::quire to auurie~k
in the Property and Borrower's obligation to pay the sums .:ecured by this
payment and cure by Borrower, this Mortgage and the ohiigations secured hereby
no acceleration had occurred. ~Y: ~*;,tiaas a « ~ (s
20. AadpateN of Rteib; AppoiadseM of Receher. As additional security
Lender the rents of the Property, provided that Borrower shall, prior to aoceleratioo '
ment of the Property. have the right to rnlket and retain such rents as they become - ~ `
Upon accekration under paragraph 18 hereof or abandonment of the Property.
receiver appointed by a court to enter upon. take pos..ession of and manage the Prope[ty ent~ to eoilect tse rarh at tie
Property, including those past due. All rents collected by the receiver shall be applied first to poyetMlt eg 11M Qoab Qf
management of the Property and collection of rents. including. but not limited to. receiver's fees, premiums on r~Yatr'
bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to
only for those rents actually received. '
21. Fratere Ad~araeca. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advancers to Borrower. Such Future Advances, with interest thereon. shall be secured by this
Mortgage when evidenced 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 aooordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus UST"'--"-----~"~--~•
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay aU costs of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in 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.
Signed, sealed and delivered
in the pt'esence of:
.
!~oseph~Hsien Ying Niu
~ , . (Seal)
--a«rorw.
STATE OF/tt~t~tWIY~ ........M1Chl~titl I~6YIrr~i~SL7
C I Kerelfy certify tthis day, before me, an ofFicer duly authorized in the state_Bforegaid and in the ootutty
aforesaid to take acknowledgements, personally appeared.. ,Joseph Hsien Ying_tviu,, aus.txnmarried_ .
min
. . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.. he.........executed the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and state aforesaid this..... ~th ..............day of
~:~1?~'4t~Y 19.......
My Commission expires: _
r
. _ tsteq Nottrr A,wK..................... .
- _ FLQREPSCE C. MEDON
i ~ Notary ~Pub~ic, Wayne County, Michigan
' My Commission Expires April 4, 1983
f
~ (Space Below This Lint Rtssnnd For Lrnder and RtcorOtr)
lei _ , ~ . , _ ..:.~vJIHJ 'A Q~ Y1R 20'-~ t~
s W W `w",
flt.EO sh0 afCOftDt0
ST~;1~
Pp
TRl1f
5~.
a - G.ER1t CIRCUi1[~CO~~
~~0 ~'ERif l~ R----a--
=i
~ -
BUOK~~~ PdGE~IlV~
_ _ - _ - _ _ ~.x~