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HomeMy WebLinkAbout1266 . jf i~'JJ% ~ ' 't 18. ~or5cov~si a Rlght to Nsir$tate. ~oh~~ithstnudin~; l.~~ndr.r'~ i~cccl~~rntion of tlic ~ums sc~~uccil 1~~~ this ~1ort- ; gage, 13orrower shn11 li~~~•c tl?c ei~l~t to hn~~c any ~?i•ocec~lin~;. Isc~;~uj i,~• l.cm{er- tu ci~furcr tlri, ~1ort~:~~;e di;con- ~ tint~eci nt~ any time ~~rior to cntr~• of jud~ment e~~fort~inK tl~i~ \!c?rt~a~;e it: tatl l;orro~~cr {~i~~•s I.es~der tt{1 suiitis ~ ~~~hich ~~•ould be then dun un~ier this ~tort~age, the ~c?te an~l note, sccul'in~; Future A~l~~anc~~::, if a~~~•, tfad no accel- ; eration occur;•c~l; 13orron~er cures nl) hrnncltes of iu~~• othi~r co~~enant~ or i?~meiui~nt• of 13orron•er coii!nined ii~ a ihis ~tort~nge; ~c) 13orro~~•er ~~ay, nll rensontiblc ~~~miise• inc~u•r~~d b~• I.rndrr in cntarcin~ the co~•ennnts :tnci ~ agrcements of I3orrotitier containe~i in this \tort~AKc tuid :n enta•cin~ I.cn~ler', renicdics ns pro~~i~lc~ci i» parngrr~~~h , 18 hercof, inclu~linK, l~ut not limited to, rcasonnhlc nttornc~•'~ ices; iuui i~il I;orr~~~cc~~ t~~k~~ ~ucli uction i?s I.~nder ~ ~ msy reasonably requirc to nssi~re that. tl~e licn ~i tlii~ \tort~;a~;e, I.cndc~'~ interest in tlsc Yro~~ert~• i~+id I~orru~~er's ~ obligaztion to pay the sums secure<i by this ~Iort~i~ge shall continuc unim~uiircd. i~pon suel~ ~~ayuicnt ~iacl cure b~• 5 Borrawer, this llortKage and tlic obligr?tion:: ~ecum~l herel~~~ ~h:~ll re~nain in fuli force an~l ef~ect a` if no accclera- . ~ - ~ tian hAd occurred. - • - ~ ~ . , 20. Asaigament of Rente; Appointment of Rec~iver. :1~ additianal ~c~ciu•it~• hemun~ier, liorro~~•en c~~reb~• ~ ::ssigns to 1.encier the mnts o( the Pro~~ert~•, ~~ro~•i~leri thnt Borro«•er •hall, ~~rior to accelerntiau tmcier ~~f?rn~;r:tiph • : 18 ~iereot or abar.donment af the Propert~•, ha~•~ thc~ ri~ht to collect .i~~ci retnin <ueh r~nts nc thc~~ h~come ~lue and ' ; ~nyable. ~ - ~ - ' ' Upon accelert~tion t~nder {~ara~rnpl? ]8 !?ereu[ or i+bnndonnient ot thc I'ro~~ert.~•, Lender shall be entitled to ~ h~?~~e a zeceiver ap~~c~inted l,~• n caurt to enter unon, tS1~C ~105SCSG1011 OI lLll(t !llllllS~c the Yropect~~ s~rn1 ta collect tlie rents of the Yro~~ert}•, inclttdi~ig those ~~;tst due. :11) reuts collecte~i 1,}• E1?c• recen•er sht~ll 1?e zip~~licd first to payment ~ ~ of the cocts of mantagement of the Propert~~ and cullectioci Qi rent~, inch~dinK, hut not li~uiteci to, recei~~er's fees, premiums on r~ceivrr's bonds nnd reasonshle:~ttorncy'~ fees, anci fhen.ta the sums secured b~• thi~ \iort~nge. Tl~e ' receiver shall he liabie to accour.t only for those rents r~ciuali}~ receired. - - ~ , ~ t - 21. Future Advances. Upon request hy Borro~~•er, I.cnder, at I.enrier's ortion ~~•itl~in h~•ent~~• ye~~ irom the ~ date of tliis :~lortgnge, ma~• n~ake Futurc Aci~•nnces to I3orro~~•~r. Such Future ~1d~~auces, ~~•ith intcrest thereon, she•.;i be secured by tl?is \Iortgage ~~hen e~•idencccl U~ pro~~iissQr~~ notr~ statin~ tliat ~aid notes are sectired l~creliy, At no ~ time shaii the ~~rincipal nmotint. of thc indc4~tecinc~s ~ecured h~• this \iortgakc, not~includin~ sums ad~•anced in accorcinr.cc hrren~ith~ to. ~~rotect the serurity of tl~i~ liortg~Kc, excecd ti?e original s~~iiount of the I\Tote plus ~ ' US~I--1`li.~a(0_eQO------• _ - - _ ~ _ ' a =22. Release. Upon ~;ayment of all s~jms .ecure~i h~~ thi~ \tort~~~e, Lendcr,shall rcleasc this 1lortg~gc ~?~ithout ~ _ eharge to Borro~cer. Borro«~er sl?all pny nll costs af rcconlation, if nny. ~ k - . ~ - IIC ~~~ITI~F.SS "~~IF.REOF~ Barro~~~c~~ hr~s etecnted this :lfortgage. ' ~ ~ T ~ - ~ `~¢'\,,~i ~ ~~'r. - Signed, ser~led and Sleli~ ei ed r, ~ q., l~ _0,? . _ j ~ ' fn t.h~ presence of : r - ~ ~ , • . : ~ ti : ~ _ ~ ~y . ' , / ~ ' - - ~ , - - ~ ~Z---- ==-~=1~----:=~°° - - - - ' : : _ -:f ~1 . . - i - _ _ Do~a1d G. Bodc~ :'~!;`rr- : .o~~-~~ r _ . - ~ • J a. ~ ~ . . ~ ~ ~ . ' ; . ~ / ~ e _ . ~ r~'( l f•:, ~ ~ ~ t 1 ' '-~/t%~/ ~ -~fr_:~_~1rE~.:__=-'f•'f ~ ' , ~t~ , - r - - -L , ~ f-•~Y ' .t.;~::; ~ • wer - Diana K. Boddy .r,:~ ( ~ - - "'~hr~t~.;1S~~ - ~ , . i ~ • -3160--Monte_ Vis~.a_- St~------~----=------------ . . _ S 1 - ~ - _ Fort---5~'-- I'-UC~4e~__ ~'14?X~4~?__~~4~~__~ _ Property Address - ~ _ - chi an _ ~ - - - . _ STATF. OF - - ~ COUIlt~~' SS : - ~ .ifi- ~a . on tlsis da~, before me ~n officci' (Il1Ii' ~iltllOrixed in the state zfores:iid nnd z _ I liereb~~ cert t1 t , iu tlie counti afores~id to take ackno~~•kdgen~ents, person~ill~• ~ppe~red D~nald__G._ Bodd~r---and ; Diana K._Boddy,_ .hi,~,i~~ ta me kno~cn to he fii;e person(s) describec~ ii~ and ~vlio executed the . = ~ ~ fc~regoing inst~ruinent_ and ackno«•led~ed befor~ ~ne tl~~t ttiey. e~ecutecl the same for th~ purpos~ tl~erein e~:~~ressed. - ` - - ~ _ ~ - ~~TITNF.S~S lll~• l?ancZ a~id ofi"ici,~l se~l iii tLc~ count~• ~i~id state .ifo •c~~~iid :his"__.___~-__:~~L___ ci~ti~ of _ 5~ - = f /i-~~~-~~-'-- -----------------------.,13 ~7 - ~ ~ _ - - • _ - 3 ~ ' . _ ~ .ltr Commission expires : - ,ci~~%y'~-~c~_ ~~~l~C.' - r ~ `\otai-~• Yub1~c - ~ FtONA~.D MACi: - " - ~ - 3 r - NOTARY PUBLIC WAYN~ COUNTY, ~A1CH. ~ - ~ MY CQt~lh1l~SION EXFIRES MARC~i 8,1977 ~ • - . . . _ - i Ffl~O A~:: ~tECOROEQ ~ . - ~ _ . 5'i.LICiC C0~`jRAS R : R06E= . - vl~at: Gi:~ :u~T C~U ~ _ _ _ _ QcCi'R'v' ';;_=1`IEO _ - ~iAr ti2 3 2~PN'75 ~ _ ~ - ~ : - - _ . . . . . _ - - - - - . - _ - , - ~ - ~~x~~9 ~ - _ ~ . . ' . .y i - . . . . I.4~. ZM.5.74-Y9P ~ ' i i . . - . - . _ ' . . ~ ~ . . . " _ . - ' I . . . - ^ . - . . - - ~ . . i t