Scanning micro-mirror actuators are silicon-based oscillatory micro-electro-mechanical systems (MEMS). They enable laser distance measurements for automotive LIDAR applications as well as projection modules for the consumer market. For MEMS applications, the geometric structure is typically designed to serve a number of functional requirements. Most importantly, the mode spectrum contains a single high-Q mode, the drive mode, which per design is expected to yield the only resonantly excited geometric motion during operation. Yet here, we report on the observation of a resonant three-mode excitation via a process known as spontaneous parametric down-conversion. We show that this phenomenon, most extensively studied in the field of nonlinear optics, originates from three-wave coupling induced by geometric nonlinearities. In combination with further Duffing-type nonlinearities, the micro mirror displays a variety of nonlinear dynamical behaviour ranging from stationary state bifurcations to dynamical instabilities observable via amplitude modulations. We are able to explain and emulate all experimental observations using a single fundamental model. In particular, our analysis allows us to understand the conditions for the onset of three-wave down-conversion which if not accounted for in the design of the MEMS structure, can have drastic impact on its functionality even leading to fracture.