HomeMy WebLinkAbout0183 prior to entry of a judgment enforcing this Mortgage if: Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes 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 ail reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lenders remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorneys tees:
and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lenders in-
terest inthe Property and Borrowers 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 shalt remain i^ full torte and effect
as if no acceleration had occurred.
20. Asslgnntertt of Rents; Appolnttnent of Recehrer. As additional security hereunder, Borrower hereby assigns
to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph t 8 hereof orabandon•
ment of the Property, have the right to collect and retain such rents as tl.ey become due and payable.
Upon acceleration under paragraph f 8 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 Propertp and to collect the rents of the
Property, 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, receivers fees, premiums on receivers
bonds and reasonable attorneys 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 Advances. Upon request by Borrower, Lender, at Lenders option within lwentyyears 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 steal! 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 USa f 120000. 00
22. Release. Upon payment of all sums secured by this Mortgage. Lender shat) 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 in the Note. "attorneys fees" shalFinclude attorneys fees, it any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence ot:
. CZ a,a~
(Seal)
WALDYM D RIWNY
~ , ~
(Seal)
NA DUBRIWNY
(SeaQ
(Seat)
STATE OF KDRf~{OL4CX MICHIGAN County ss:
j I hereby certify that on This day. before me. an officer duly authorized in the state aforesaid and in the county
aforesaid to lake acknowledgements. personally appeared
I
j WALDYMYR DUbRIWNY AND LENA DUbRIWNY, HIS WIFE
l
.r _
,
. to me known to be the persoMs) described m and who executed the
foregoing instrument and acknowledged before me that Borrower executed the same i~r the purpose therein
expressed.
i- ~ ~
WITNESS my hand and off~c~al seal m the county and slate aforesaid this' ~ day of
OCTOBER 1980
My Comm~ss~on expires: ' V
xAXMOND o Public
~ N ~Ae County. Mtct~an
Mi ` gy`p'-~epccmbec 20.1982
,5~,
I _ ~ •Zv •'•O 1v~"~l
s ~
~ - ' P'= s'~.'
~ (Space Below This Line Reserved for Lender and Recorder)
s~ p~ct
BQOK34z P,1GE ~p•,
E
' RENEGO~i~.E RATEfNEM6-(6/t30~ '
~ = y
_ J ~
~
s;