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To pl~a and oontGwou~ly kNp on tM buildinps ~ww a I~s~NN ~ihuN on ssid I~nd snd on ~II equirxrweR ~nd pKSOn~lly oov~nd by tN~ matP
p~, wi~h ~N pnmiwns tM~wn pa~d in ivll, fk~ in~w~nu in tM vwal atud~~d polM? forn?, in • wm ~owd b1? tM MORTGA~iEE. ~nd ~rind~fonn
4aw~na b tl» u~wl ttandard polic~l forny in • u,m +pprowd M M» MOrtTGI?GEE. L+ wch canP+~Y a~P+~~ a t!r MORTGA~GEE m+r
dtnd~ ~nd ~I) fin ~nd wind~tam Maw~na polici~s on any of wM buiW~nps, sny IntK~st tl~~in w pat tMr~of, M th~ apqnpah wm ~foraaid a
1~ ~caM t1~wf, ~Mt) oontah tM wual a~ndard mor~y.~ claus~ a s~ch aha dw~ a th~ Mo.tpapN n+aY nquin. makino tM Iws vrd~r ~aid pol}
ciM. Nch ~nd ~wry. WY~bM 1o saW MORTG/WEE as ib inter~st m~y ~pqa?. snd sach and wery wd~ policy aMll b~ P~anPth ats:9n~d and ddiwt~d to
, uiy Mid b~? s~id MORTGAGEE b fwtha ucwib to wid mortpay~ debt. +nd. not lys tMo t~n (10) d~ys tn ~dv~nu d tM acpir~tion of Nch Policl?. to d~
~ Ilwr b wld MORTGAGEE • nnhwsl tMnof. top~~hM with ~ naipt fw tM pnmluen oi sud+ nnew~li and tMn ~h+tl b~ no f'u~ a winditam M+swaoa
plaad on ~r of s~id buildM+p~, ~ny htusif tMnin a~p~t tlwrwf. uni~ss ie tM fone s~d wi~h ~I~ loss payaW~ a~fbres~id~.~d in tM ~wm ar~ w~n
of nan~y b~aana p+Yabb wrMr wch polky a policiK said MORTGAGEE shall haw tM option to ne~iw u~d apply the ~ne on ~aount of th~ ind~bnd~
ewp Mcw~d Iwr~by a a pKmit aid MORTC~AGORS ~o nq{w +~d us~ N a any psrt tF~ereof fw orher pwposeb without thaeb/ waivinp u imp+h-
~~~~h?. li~n a ripht u~d~~ a by virtw of th4 mat~+pet u+d i~ tM evenf wid 1NORTGAGORS sh+ll for ~ny eNwn f~ii to kNp th~ aW pnn+ises w t
tnsw~d. a idl w d~liva v~~MM +~Y of ~aki pol~s of uawanu ro ~atd MOkTGJ?GEE, a fsil p?ompty to p~y ivly ~ny p?~.nium the.~tor a in any ~
ryp~ct bil to pwfo~n~, discMrp~, ~xaut~, ~ffect. compl~t~. aomply with and abid~ by this oownaM, a any p~t Iwnof, qW MORiGAGEE m~y piao~ and • ~
WY fa wd~ Maurar~a a ~ny pert tMwoF without waivinp w aff~ctinp ~rw aMio~. ~i~n. ~4~?iry. a ripht ur~ a by virtw of this N1art9+Qt, and tM i
fvll amou~t of ~A and w~y wch p~ynwM sMll b~ Mr~d'wttip dw and p+yabl~ and ~hall bu? intetat fran th~ d~h tMr~of until p~id ~t tM ~at~ ol }
~iew pM pntwn pu annwn u~d fo~ther wirh wd+ intaest sMll b~ seeund by tM li~n of tha aio~pap~. ~
1. To p~nn». oonrnit or wffK no wah. knP+irmsnt ar d~teriaatan of ssld propcrty a any. pwt tMreof.
S. To p~y ~II and ahgv~r th~ oosts. ch~pss ~nd expemes, inchidinp a rsaoe+bl~ anomey i fe~ aod aosb of abatrset~ of tHl~. 4Kwnd a p~W ~t
any tin~ by saW MOItTCsA~sEE, b~u~se a in tlr ~wnt of tlr failuh on tM puf of th~ s~id MORTGAGOR to duy. promptly ~rd fulh PK~~. d~9~
~x~cv~~. ~ihe4 aomPMM. ~omplY with ~nd abid~ by ~sch snd ~very the stipul~tiom. +Dneme^ts. conditions. ~nd aownanls of wid pramiswry ew~ and thi~
pp~ ~ny a~itM~, and s~id aoa1~. cfi~rph and ucP~s. ~+d+ and rv~y, sh~ll b~ invned'~a~~ly dw and payabb~ whtthir or not Men b~ ewtio~ d~
enancl, •tt~mpt to oolbel or wit pa~irg~ ud th~ fvll amoum of each and every wch paymN+t sMll b~ar int~nst fran t1» dat~ tM~wf vntA pid at tM
rate of nim pK pntum p~r ~~e~d ~II ssid costa, cMr~es and exp~ns~s inaured or piid, to~ether with sixh inltnst, slwll bt s~tw~d bp th~ li~n of thi~
enorlpapw ~
6. fA~t (a~ in th~ wMM of any bnach of thb Ma~y+p~ w d~fault on tl» part of the MORTGAGOR, ar (b) in th~ ewnt any of said w~m of mon~y
M?Nn nf~n~d ro M na pranp~y and ivly pa;d witlw~ ~h'uty (30) d~ys next after t}M sam~ s~verallr becorn~ dw aod p~YaW~, wilhoW d~m+nd w not~a.
or W in thr w+nf ~ad~ and ~wry 1M stipul~Yans, agreemenn, conditia+s and coven+ros of wtd promiswry ~ote +nd this morlp~ anp a~ither an nol
~+h. P~PNY ~nd fu1~1? Pwfo?med, disthuyed, exeart~d. ~fhcted, tompleted. cort~lied with and abided by. th~n in ~itl~ w any wch ~wM tM uid ~
prpat~ swn mMtiard In aid promissory rwte thtn remainlrg unpaid, with intt~at uavsd, ~nd all moMys s~cund. Mr~by. ~MII b~oane dv~ ~nd pap
abl~ iathwhh, a~ tMrtafhr, ~t tM option of said MORTGAGEE, u fully snd compl~tely u if ~II of ths said awns of ma?~y vwrt agi~ally ~Y~pubt~d
to b~ pid an wch day, anythtnp in said p.aniuory rwt~ w in this Maty~ge ro the contrsry notwi~hstandinp; ar~d th~r~upon or thenah~r at fie option of
aid MORTGIU3EE. wtthout notia or dem+nd, wH at law w in equity, thereForo or .th~?e+fier begw4 nwy b~ pro~ewt~d a lf all montys s~wnd Mnby
h~d nNfur~d pri0t t0 iri imtifution.
7. 1Mt In th~ wu+t that d the b~gienirg of or at sny time pendinp aMr wit upon this Mortgaq~, o~ to fohtlw~ B. o~ _to nform M, or fo ~nforp
paymeN d ~ny daims M?~w+der, s~W MORTGAGEE shall ~pply to the Court 1»ving jurisdrctioo therwf for th~ appointment of ~ R~uiwr. wd~ Cowt shdl
futhwifh appoint ~ nasiwr ofs~ mortp~ed propsrty all and sirgvlu, indud~ng all and tingular the incan~, profits, tssue~ and rw~nue~ han wh+tw~r
soura d~riwd, eath ~nd ~wry of which, it beirg ~xpressly understood, is hereby mortgaged u if spacifiully sN forth and dacrib~d In IAi.9nntinp and
h~bK~dwn dwi„ h~nof. ~nd sud~ R~oeiwr shall haw a0 the broad a~+d effective functions snd powers in anyvvise eotrus»d by ~ Cowt tp a Receivtr. and ;
suth ~ppointmMt shal) b~ md~ by such Court ss ~n ~dmitted eq~ity and a mattcr of sbsolute ri~ht ro said MORTGAGEE, and withwrt MfK~ncf to ti»
~dp~r~cy or M~dt~wcy of th~ wlw of the property mongs9ed or to the sonreecy w inwlvency of s~id MORTGAGOR or tM daf~ndant~ u+d th~t wch
r~nts, profits income, ItsuN ~nd rwenuea d+~ll b~ spplied by such Reoeiver sccordinp to th~ lien or pvity of aid MORTGAGEE and tM padic~ of wch
Coutt. +
8. To duly. W'aePt1Y and firlh P~rfo~m. fiisd~a?y~, ezecute, effect. comP~ete, cornplY with and abid~ by sadi a~d wery th~ stipul~tiom. ayr~+nNeb. ~
cond'nioen and aove+wnn in s~id pranlssory not~ ~nd lhis mo?tyape set fath. ' `
9. ih~t in tM ~wM the ovvrwrshlp of tFa mort9+0~ P?er^ises, w ariy p~rt Nrcreof, beoomes vested in • pKSOn oth~r th~n th~ MORTGAGOR, tIN ~
MORTGAGfE, Hs avco~ssws and assipns, msy, without ~+otice to the MORTGAOR. de+~ wi+h such sucussor o~ •~+a~ssw in intwat with r~fereno~ ro thia
monpa~ and t!N debt her~by sacur~d in th~ s~me m+ro+e~ as wiih Mo?tg~ya witFaut in any way vitiatirg or disd?~ryinp th~ Mortyapas' li~bflity h~r? i
undp a upon tM debt hereby secvred. No sale of the premius hereby mortgaged and no forbeannoe on the p~A of tl» MORiGAGEE a tri wae~wa ~
w~ssiyin and no exteroion of ti~ fime for the p~ymem of the debt hereby secwed 9rven by the MORTGAGEE or ib sucassort a assipns, shall opu~t~ ~
ro nleaN, di~d~up~, modify dunp~ or affect ths uigin~l lisbility of the MORTGAGOR herein, eithsr in whols q in put. ~
10. It b~p~cifkally aprNd tMt tim~ b of th~ esserxe o( this contract ~nd that no waiwr of ~ny obligNan Mnund~r or of tl» oblip~tlen w-
and Mnby sh~ll at any thw tnereafter bs held ro be a wsiver of the tenm hereof a of the instrument sewnd haby.
~ 11. In addition to tM fapoSng monthly p~yments of priac'pal and inrerest rcquired by the promis~ory no~e secured hereby, matQ+gw cownann
snd ~pnes to pay to mortyagee with ~xh rr.onthlY paYment an add~rional svm estimeted by mortgagee to be eqwl to 1/12 of the annual oost of ti~e fol{ow• ~
inp:
A-All ral property tax~s Iwied a assesud against the above described resl estate.
~ d-Premivrm on fin u~d windstorm irowance as herein requued to be wrried on the improvement~ sitwte on the ~bove dewibed pnmPaes. . ?
r C-Pnmivms on such mortyag~ puaranty i~uwnce u mortgsgee shall from time to fune deem fit ~o tarry on the lou~ setvred hereby.
Mortyps~ sh~Il hom time to time notify mwtgagor in w.itu~g of the smount due and psyaWe hereunder u~d wch wm sh~ll thereupon b~ dw ~nd
pay~bb on the due dat~ of the next mw?thly p~yment and each s~ccessive mooth thereaiter ~ntil mortg~gee shsll notify morrgagw of a chanp~ in wch
~mo~nt. Suth sums shall be applied by mortgagee toward the payment of real property taxes, inwrance ptem:ums. ~nd mortyspe 9uarantr insunnce
preeoivms. _
IN WITNESS WHEREOF, th~ said MORtGAGOR Ms hereunto set his hand and seal the dsy • t af esaid.
iprwd. Swb and ddtwr 'e th~ praseriu af:
8t'i 011 ~
~ ~ n ~
w t eas a. a son ,L,~ E
srn~ Michigan '
~~~,rty ~ Hf llsdale ~ ~ ~ ~
~ ~ Wflliam L. Watson ,~,d ,
L~ada~3. ~iTa son n;, w~~, ,,,e r„~u .~a w,~ w~ m e. '
the ind'ividwb dunibd in ~nd who ~xecvted the fw iratrumant, ard scknowkdged before ms tlut they ~xecuted the sam~ fa ths purpo~es ~
.~.„~,d, ,~,d ..ia Linda~S. Watson
„„f~ ~ 1~lilliam L. WBtSOII - ~ upo„ • ,.pa,n• .~d p;,~,m
examin~tion by m~ taksn se~n» and apart from her said M~band, acknowkdped ro and bafore-ms that sM executed said imtrumant frsely and voluo- -
tuilp ~nd without a~y cam~wlsion, comtraint, apprehension, or fear af or from her s~id husband. .
WITNESS my h~nd and official saal thia 7th day of A. D. 19_J._ ;
J .
FILE~ ANO RECBis H,r~.~, a,~K ~.~a ra +i,. b~. o
gT, IUC~E ~]VER1~'F'f
~EO M,? c~~.~, ~ ~
r« RECOq~j
wst F.du.) s.vkg. a Lo«? w..oc;.tion • ,
c.o.. i !
• Of Fort Pierte. ~ j ~ s
~ P~.~. F~.~ ~ 3 PN 3' 3q ,~e' L`~=_
~ '61 JUt • ~ - d-.-~. :
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158~0 - ~ ~
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RQ:~:~R ~ OITRL•S
~LERK CIRCUIT COURT .
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