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prior to entry o[ a judgment enforcing the Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and note: securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Letlder in enforcing the oovenagts and agreements of Borrower contained is this Mortpge and in
enforcing Leader's remedies as provided in paragraph 18 hereof, including. but not limited to, reasonable attorney's foes; and .
(d) Borrower takes such action as Leader may reasonably require to assure that the lien of this Mortgage. Leader's interest
in the Property and Borrower's obligation to ~pzy 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 is full force gad effect as if
no aecekration had occurred.
Z8. AsslpaseN of R4rttr, AppoWaseltt of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall, prior to sccekration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such Hots as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a
receiver appointed by a court to eater upon. take possession of and manage the Property and to colkct the rents of the
Property, including those past due. All rents rnllxted by the rooeiver 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 reasonabk attorney's foes, and then to the sums secured by this Mortgage. 'itte receiver shall be liable to acxount
only for those rents actually roaived.
21.. Rnture Advancts. 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 rates stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage. not including sums adva_ncx_d_i_n_aecordanoe herewith to proteM the
security of this Mortgage. excxed the original amount of the Note plus USS.- -
22. Releases Uponn payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
-to Borrower. Borrower shall pay all coats of recordation, it any.
23. Attorneys Rees. As used in this Mortgage and in the Note, "attorney's fees", shall include attorney's foes, if any.
which may be awarded by ao appellate coon.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and d live J ~.~-o'd~
in the presence of. ~ .
" ....................(Seal)
eorg Prescott ~
Q~~~ ...........................(~l,
Betty J~ ~ Pr~ ~ ott ~
STATE OF ~~tirA~~ _ M1~117~Qa0 . Y`~ Q~~/~~
1 hereby certify that on this day, before me, an officer duly a rued in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. Ge0r9e. E...1?reseatt .and. Better .J.. Prescott,
h~fi !~i~~g to me known to be the person(s) described in and who executed the
foregoing instrument and ackrawledgcd before me that . they ........executed the same for the purpose therein
j expressed. .
.
' 26th
WITNESS my hand and official seal in the county and state aforesaid this......... ...........day of
....September.......... 198II
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My Commission expires: •Y' • •
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10 E ATT. ~ ~ ~ , .
Ct-i1CAG0 TITLE I~I~U~'~~l~E CO''` ".~~tY - Notary Puhlk. Wayne County, Midi :yam Q~~~
271 ~,"'r ; ;'vr Acting h Wayne County Midb ~ ~
txWre= August 2$1983
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CIEFiK CIRCUf; CC;.'RT
SC?4338
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