HomeMy WebLinkAbout0998 r
. . . i
i , ~ ' ~
. ~
priur to cntr~ ol a ~udgmcnt cn(orcin~; thiti \ic~r~g:igc il : ~ u 1 Borro~~•cr p:?~. l.cn~lcr :~II ,um~ whirh ~tiould hc Ihcn duc under
this At~~rtga~c. ~hc Natc an~l notc> >rrurin~ Futurc A~I~•ancr~. if any. h;~d no acr~Icralion oc~urrcd: Ihl Horrowcr curec
al) hreach~. ol an~ ather co~•enantti :~grcemr+~h ut Borruacr ~anlain«1 in thi~ \1c~rtgag~: Icl Il~~rm~vrr p;+)'~ aU rea~onahle
~tpense~ in4i~rreJ h~• I_ender in en(orcing the cu~•enan~~ :~nd agrecments of Borrower contained in this I~lortgage and in
cnforcing I.rnder's remedies as pruvide~l in p:irag~aph I!i here~~l, including, hut no~ limited to. rea~unahte attorney's (ees; and
ld) t3urruH•~r ~akex s~ach ac~ion as I.ender ma) rea~~~n~hl~• reyuire to a~sure tha~ the hen of Ihis Martgage. l.ender's interest
in thc PruEx:n~~ and Br~rra~cr's i~hli~;:+tion to p;~~ 1hc ~unis sc~urcd h~ thi+ Atartgagc ~hall continue unimpaired. Upon such
p;~~mcnt an~l rurc b~~ Horr~?NCr, this \iortga~;c an~i thc rhliga~ion~ sccurcd hcrcb~• shall rrmain in full furee and cffcct as if
nu acccter,ition had ~~ccurrcd.
20. AssfRnmenl ut Rents; Appointmenl of Rerei~er. :idJrtior~al cecuri~~ hercunder. Borrowcn c~rchy- a«igns to
Lrndcr thc tcn~c uf Ihc Propcrt}•, proridr~l ~hat SorruH•cr shall, prior ~u arcclcrati~n undcr parag~aph IR iicrcof o~ abandon-
mcnt i~f ~hr Praprrl)•, ha~•e the righi a~ «~Ileci and re~ain such nnts as the}• becomc due and payable.
l:~~n arcrleration under paragraph IR hereo( ~~r ahandonmem uf thr Property~, I.encier shall t~e entiiled ro have a
rcccircr ap~inted h~~ a~ouri to cntcr u~x~n, tat~e {s~sscssion of and managc thc Property~ and to callect the rents o( the
Pro~rt~•, inctuding those past due. Ali rents c~~llected h~• the recei~~cr shall be applied first to payment of the cas~s of
n~anagement of ~he Property and raller~i~~n of rent~, including, hut not limited ~o, receiver's (ees, premiums on receiver's
honJ~ and rrasonable attorne)''s fees. anJ then t~~ the sums secured h~~ this h1origage. The receit~er shal) be liahle 4o accaunt
o~ly lor ~hose rents acwall~~ received.
2!. Fuwre Ad~ancea. Upon rcyuest by Horrotier. Lendcr. al l.ender'~ option within twenty years from the date of this
11«rtgage, ma~• make Future Ad~~ances to BurmH•er. Such Futur~ Adv;~nces, with interes~ thereon, shall he secured by this
\lortgagc when evidenced hp promissor~• no~es stating tha~ ~aid note. are secured hereh~~. At no time shall the principal
amount of the indebteJness secured b~~ thi~ hi~~rtgage, not including sums ad~~anced~,if~ accordance herewith to protect the
sccurit}~ ol thi~ i~tortgagc, c~cced thc original amrunt ot ~hc Notc plus USS. . . . . .~`1/. A- • • • • • • • , • • • • • • • • • • •
22. Release. Upon payment ot all sums securcd b~• this riortgage, Lender shall rclease this Mortgage without charge
ta Burrower. Borrower shall pa}• all cosis of recurdauun, iC any.
23. Attorney's Hees. As used in this Mortg~gr and in the Nute. "attornej~'s fces" shall include attorney's fees, if any,
which ma~~ bc awarJc~ bp an appc!latc rourt.
IN WITNESS WNEREOF, Borrow~r has cx~ruted tlii. Mortga ; ~ '
Signcd, seal~d and delivered - sos~oi
LR
in thc prescncc of: . V OR MAGUIR ,
,_'1j ~-~>EAL~
~W C~~ M~~ L'/1~~~ - B6RHOtYER
I ~ ~
~7 ~SEAL)
~ ~ - BORRON ER -
~ ~ ~
~ ~SEAL~ .
Q ~ - BORR01yER
~
~ '{S~AI~
- eoRBow~~.;,~~
J'
,t~ ~~I.::."_
t . J, .
a~ 1~~ s y y
M ~c. H iG a .
) F?. ' `'c ~ ~
STATE OF F~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County ss: Q/~ k ~ A N ~ f y.. it~~1 _
f < < {
; g - f, ik ,1~., .
. . F.. . _
I hereby ceriify that on this day, before me, an officer duly authorized in the state of afo~~+l~~i ~3~n~~"ri ;~i~.~~~
VICTOR MAGUIRE . JR., a~d~~.~ ~ ~ ,
county aforesaid to take acknotvledgements, personally appeared . . . . . . . . . . . . . . . . . . ~ . . . .,y ; ~ ; , _
. ,NAtVCY M~GUTREa. .H1S.WIFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .f',:. .
to me known to be the person~s~ describQd in and who executed the foregaing instrument and ackr,6wledged
before me that . . . . . ~eY . . . . . . . . . . . . . . executed the same for the purpose therein expressed. ~
Wi7r~ESS y ha d and olTicial ~eal in ttie cc}unty and state afuresaid this. .~!'71~E~~y. ,fGU~'f X,day of ~
.,S~~TE'y.~.E!`.~ . Iy. f~~O,
f ~ .
My Comrriission exp~res: ~
~s.~~~ . ....NO. .~c
REQUI D BY LA. LAS9
~ ~ira a zaaaeo~w
Notary PUbtic. paktand Courity. MI
MY Co~xttiEss~on Exphes Apti! 37~ 19~
(Space 8e~ow ?his Lint R~s~rvsd iar LtnOer ~nd Rtcordtr)
~
~
~ ~ e~0 5 I 8 PAGEO ~ 9 4