HomeMy WebLinkAbout1326 prior to entry of a ~udgntent enforcing this '.?tortgage if : 1 a 1 Borrower pays Lender all sums which would he then due under
this Mortgage, the Note and notes xcuring Fuwre Advances, it any, had no acceleration occurred: 1 h 1 Borrower cures
all breaches of any other covenants or agreenxnts of Borrower contained in this Mortgage; Ic) Borrower pays all reasonable
expenses incurred b}• lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforang Lender's remedies as provided in paragraph 1 R hereof, rncluding, but not limited to, reasonable attorney's tees: and
Id) &~rrower takes such action as lender may reax~nahly require to assure that the lien of this Mortgage, Lender's interest
in the Propert}• and Borrower's obligation to pay the sums secured b}• 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. AssiRtusewl of Rests; Arpoistsxst of Receiser. As additional security hereunder, Borrower hereby assigns to
lender the rents of the Property, prosided that B~irrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph IR 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
Propert}•, including those past due. All rents collected by the receiser shall be applied fiat 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 reasonabk attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actual)}• received. '
21. Fstwe Ads~ruces. Upon request by Borrower, lender, at Lender
s option within twenty years from the date of this
1?lortgage, ma}• 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 hereb}•. 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 USS21,6txi.00
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pray all costs of recordation, it any. •
23. Attorsey'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 presence of
...........(Seal)
C.r irginia Diet a BdWin Lundquist -eo..o,..,
~ ............(Seal)
Karen Ne i g qe a A. Lun ~ st ~orrouwr
MICHIGAN,
STATE og,R .................Wayne.................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. ~+I~?.4. _ $v~?GB~A~ .~l-
Lt]NDQTJIST.,. his .wife . . to me known to be the person(s) described in and who executed the
'i • foregoing itutrutnent and acknowledged before me that _ ....t~)ey.....executed the same for the purpose therein
expressed.
hand and official seal in the count and state aforesaid this.. 24th
{ ~~1 •l~ y ..........day of
E ~ . ' C'ii~nbtksion ' :April 13 , 19 8 3 . ~ /
- r~ .._..:v..... .
~ v~ - tsti•~~: ~ wocaryt~aK {Layne County, ~Mfchigan
- _ ~
s` C. Virginia Dietle _
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ISpsoe BNow This lint Reserved For Lender snd ReLOrded
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