HomeMy WebLinkAbout0494 prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had na acceleration occurred; lb? Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays 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 18 hereof, including, but not limited to; reasonable attorney`s tees: and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien 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 u it
no acceleration had occurred. '
20. Assigameat of ReaM, AppoiMareat 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-
ment of the Property, have the right to collect and retain such rents u they become due and payable.
Upon acceleration. under paragraph I8 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
Pq~perty, including those past 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 fees, premiums on receiver's
bonds and reasonable attorney's foes, and then to the sums secured by this Mortgage. 'tlte receiver shall be liable to account
only for those rcnu actually received.
21. Future Advaacea. 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 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 accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS 3T.lQQ,OQ...........:......
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. -Borrower shall pay all coats of recordation, if any. -
23. Attonrey's Ftes. As used in this Mortgage and in the Note, "attorney's fees" shall include attor'ney's fees, if any,
which may be awuded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mort
Signed, sealed and delivered -
i presen . Q eat)
J
- J . " •C. Cameron
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f ~ n N arwe 1 . ~~44-:c-L.~J~_
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8 -Stempien ~ ` ~~Carol n_~
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Harry Faris -
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~ Jane nn _ lex .7. C ' 'ron
~ MICHIGAN,
~ STA?E OF l~#Att~6i~........ .........COUnty 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. JAHN .C.. CAMERON .and. CAROL .D.. CAMERON, .
his wife~..ALEB. J.. GAME$ON,. ~i;tgle, to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that 2:heyr ......executed the same for the purpose therein
expressed.
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~ WITN y hand and official seal in the county and state aforesaid this..Q.`.~ .day of
I 19 AO. -
My Commission expires:
iS~art ~ Notary Publrc . .
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E, ' 1,1 ~ ~ (Space Below This Line ResenrW For lender and Reeonier)
t STA ~ IO
COUNTY OF MO RY
T egoing instrtment was acknawl before me this
day of , 1 , ALEX J. CAMERON, Ingle person.
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My Cotttttti.ssion expires:' -......Notary Pub.••••
~ [Seal] ?
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