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To pt+a +nd cont~o~nN kNp on th~ buildinpt now ~hwMfa. ~itwa on wtd iand and on .11 wu+ipn?~t ~nd p~soM~h cov~?~d b1? N~'"°'q'
p~, with ~U pnmiwns thawn paid ie fup~ firt 4a~x~ in tM uswl standsrd policy form. h• w~n approwd b1? th~ MORTGAGEE. ~nd wi~+dttorm
Naw~no~ in 1h~ wua) su+~dard policy fam, in a wm ~pprov~d bY tM MORTGAC~EE. {n wch canpanY a? oomP+ni~s as fM MORTGAOEE n~l
dlndi ~nd al{ fin and winds~om+ inswana poticia oa ~nY of ~aid buildi~, ~ny int~r~t th~nin a part the~wf. M th~ ap~epaq aum ~faa~W o?
In ~xc~a thu~of, shdl cont~in th~ uawl standard nartqa~~ daw~ or such otl~ dww a tM MatppN may ~equin. mikinp t1» loss w~ aid po1F
da. ~ach ~nd ~wry. WYSbI~ a aM MORTGAGEE ~s ia MtK~N ~naY +PP~+?. Md each and ~wry such poliq shall be pranptly ass:9n~d and d~11vK~d to
uqr Mld by ~aid ~AOkTGAGEE +s funhK securRY to s+id mortp~s debt. +nd. not IKS tMn ten (10) d+ys in ~dvsnc~ of tM tzpiation of qd~ po~k1?. to dt
tiwr to ~+ld MORTGAGEE a ~aesw~l tF~~oi. top~tMr with • nctipt fa th~ pr~mEwn of wch nnswals a~d ~hen sh+li bt ~o fin a winds~orm Inswana
plaad an aey of said bult~nps, ~ny interesl tlwnin or p~rt tMnoi, vniess tn t!» form ~d with tM bas p~ysbl~ a~ afores+~dt and In tM ~wnt sny aMn
of ~y b~cana piysbN und~? wch policy a poiidet ~aid MORTGAGEE shall haw tM optan ro raoeiw and ipply ths s~n» on aaova~ d th~ k~d~bted~
~u s~axed l~ueby a b F~rnlt Nid MORTGAGORS ro noeiw and uM h or arty part ther~of (w other pu~poses, without thsreb~ waivinq or impain
inp anY puity. Wn or riyht w~der or by virtw of this mortyape= and in tM sveot wid MORTGAGORS sFwll fw ~ny r~sson f~ll to ke~p tM s+id pnn+lsea so
kaund, or f~il q d~live~ pramptly any of said policies of insuwna to said MORTGAGEE. w fail promptly to pay fu{ly arty p?emwm thK~for w in a~ryr
r~sp~ct hil b pKform. dischu~, exacut~. ~ffect. canplN~. comply wi~h and sbide b~r tl+b cove~+L or ~ny part Mreof. wid MOR?GAGEE mar plaos and
WY fa wd~ inwxa~p or any ps~t tl~enof withoW w~tvk~p or aff~cttnp +nY opfar~, ti~n. aivity, w ripAt und~? or by virtw of thb Morty+p~. aod the
fvtl amount oi each snd ~vtry wch psYment shall b~ i~nMdiately dua u~d payabl~ +nd d?s11 bear Int~rest from th~ dat~,tha~wf until.psid at tM raN ot
nin~ p~t c~ntum pM axw,m ud roQeth~. with wd+ inrorpt sl»II b~ secured by th~ li~n of thls mo~t~ap~.
To p~rmit, oommit or wffx ~o wat~. imP+imxnt or detariaation of said property a~ny p~rt therwf.
S. To p~y ~II and s~+pular 1M cost~„ charqa ~nd expKws, i~ctudinp a reasonabl~ attwnty's fes and oosts of abstrscts of tNl~, incvn~d w p+id a1
s~y tims bp said MORTG~lGEE. b~caus~ or in th~ ~wnt of th~ fsilv« on t1r paN of tM ssid MORTGAGOR to duly. ~rh .~d fi,~y p..form. ~scti+.~.~
sxecut~. ~ffW. oompt.~.._oomplY with and abid. by ~ach ana .very tM. ui~ul±~aro, +p.ew~~^h~. ao~d~~iora. and ooven.en of sald pra~+'~s~orr noa and ~hi~
mor~p+p~ or ~ithir, an~ aid cosfs. cMryes +nd ~xpenNS. each ~nd~ wery, st+eil b~ 6nrtwdi~tely dus ~nd payabl~j whe~l~ a not tMr~ be noTio~ d~
mand, atttmpt to cdteet a svit pendirgs at?4i tM ivll anaunt of esch a~d, every wch payment sMll bear imerost kan tM d~t~ tF~ereof unNt psid ~t tM
rote of eit~e per urdvm pa amwrn; snd all saW oosts, chupa +ad ~aPa+sts inarrrsd w. paid, wgtther with such inta~st. ~iwll be s~cured by tM lia+ of thi~
motlpapw .
a, '~M~ W j~ ~ weM of ~ay b,e~ch a{ tl~ µonyap~ ar defwlt on Nr part of the MORTGAGOR, or (b) in tM evani +ny of ~+~d wms of nan~y
heroin nfarred ro be na pranptly and fuly pald wirhie ~hirty (30) d+ys next aher tl+~ same severatly become due ~nd Wyabb, without dsm+nd o~ notia.
or W in th~ ~v~nt eacA and ~very the stipvtationt. a9~Mms+~U, oa+ditia+s a~d tarsosnb of s~id promissory note ~nd this mat~~pe any or eitFwr ~n no1
iuy, promprFy snd fvlM perf«m~d, disch+~ed, executad. ~ffected oompkted~. ca++P~ied wi~h u~d abided by, tiwn in eitM? w+ny such ewnt tM s+id ap~
gre9sh wm mentio+nJ in said promissory ~ote than rem~inhg unpa~d, with interesl acuued, and all naneyi aecu~ed hareby. shall bacorr» dw and p~y~
able forthwith, w tl~eahs~, at the option of said MORTGAGEE, u iully snd canpletely u if all of the said wms of money wen origin+lly stipuleted
to be p+~id on wch day. ~nythinp in said p?omiuory ~oM or in this Mortgage to /ha tontrary notwithstandiogj and thsroupon o? thereaher ~t 1M option of
said MORTGAGEE, without notice or danand, wit at law or in puity, tl~efore or tF+ereaher begun, may be prosecvted as if all montys ~curd her~by
had matwad priOl to in irtstitutiOn.
7. That tn ths ev~nt that at the beginnirg of a at sny time p~nd'ug sr+y~ wit upon this Mortg+ge, w to fo?edwe it. c? fo nform h. a? fo ~^fwa
payme~t of eny daims l~aeunder. said MORTGAGEE shall apply to the Coun havirg jwisdrctan tF~ereof fw the appointment of ~ Receiver. wd~ Cowt sh~N
f«thwith ~ppoin~ ~ receivar of said mortgaged propsrty all ~nd sLgular, includmg all a~d ixgular tM income, profits, iss~es and rwenues from what~ver
sowce ds~ived, each ano every of wb7ch, it being expressy ~nders~ood, a hereby mortyaged as if specifiully set forth and d~wibed in th~ yranYxg aed
haberdurn clavses he?eof. and such Receiva shall have all the broad ~nd effective f4nctions and powers in ~oywise eMrtnted by a CouM to a Reosiver. and
such appointment ~hatl be mads by wd~ CouA ss en ~dmitted eqvity and a m+tter of absdute ~ripht ro ssid MORTGAGEE, u~d witFaut roferenoe w tlr
adequsty or Madeqwcy of tM w{~x of the property mortpaped or to the sohrency a insotvency of said MORiGAGOR w the defendants, and that auch
rents, profia, income, issues and reveoues sh~ll be applisd by such Receiver suwdinp to the Ikn w eq~ity of said MORTGAGfE and the pnctio~ of such
Courf.
8. To duly. Pro^iPtly and fvlly per(wm, dischuye, execute, effect, comPkte, ea^p~Y with ~nd abids bY eich ud wsry th~ stipulations, aD~eeme+?ts.
conditiora and oove~wnb in said promissory note sod this mo~tgage set fwth.
9. That in the event ths ow~enhip of the mongsped premises, a any pa?t thereof, beoon~es vested tin a pason other th~n th~ MORTGAGOR, th~
MORTGAGEE, its wccessws +nd auip% msy, witlw~t notice to the MORTGAOR, desl with such wcceswr or waessor in iMSresf with refere~+ce to this
mortpape and the debt hereby secor~d in the sams m+ru~e? as with Mwtgagor without in u~y way vitiatirg or disclwrg'ug the Mortq~pws' Gsbiliry Iwr
under or ~pon the debt hereby secured. No ssk of the prem~ses Ixreby matgaqed and no forbearance on the paN of tF+~ MORTGAGEE or in sucoesson
a~ssipm and ra extensioe~ of the time for the payment of the debt herebr secured ytven by !Fa MORTGAGEf w its s~cceuora or assip% sMll opaat~
ro rNew, disch+rq~, modify chsnge or affect ths originsl liability of the MORTGAGOR hsrein, eitha in whole or In part. _
1Q It is specifically agreed that time h of the essence of this contract and that no waiver of ~ny obl'~ation hereunder w of ths obli~tion s?
cvrad her~by shall ~t any time thereahsr be heW to be a w~iver of the terms hereof a of tht instrument ascured hKby
: 11. In addition tp the fo~ego:ng monthlY p~ymentf of Qrinc:pal and irttcrest raquired by the promissory note secvred hereby. morfyagor oovenanb
" and ~grees to p~y to nio~tgsgee with each monthly paymem an add~rional sum eslimated by mortgagee to be equal to 1/12 of the anrwal cost of the fdlow-
irg: •
; A-AI{ real property taxes Iwied w assessed aysinst the.~bove d~stribed rtsl estate: ,
B-Premiums on fire and windstorm inwrance u herein requ:red to be carried o~ the improvements i~twte on the above described pnmites.
C-Premiums on ~uch mqrfgage ywwnty iruurance as matgagee shalt from time to time deem fit to urry on the losn. setured hereby.
Mortgagee shall from time to tlme ratify mortgagor in writing of ths amount due and Paysbk hereu~dar ~nd such suni shall thereupon be due and
qyabl~ on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shsll notify mortyaqor of • thatge in such
~ amo~nt. Such swns shall be applied by mwtgapee toward the payment of real property taxes, inwrance premiwns, snd matyape gwranry irour~nce
M~• •
fN WITNESS WHEREOF, the said MORTGAGOR iw hsreunto set his k~nd ~nd seal the day and first aforesi~d. _
ipeMd, le d deliwred in the pra~ ofi
. ~+t.
- ~n A. • ~
~ ~;s Dor s L. Sher n ~
rs.n
~ STATE OFaaonvt ~1TCHIGAN ~ ,
! ~ . ~ ~ . V
COUNTY Of
6~fon n~ p~rwnaflY +PP~~++~ 1A~Y=!A A. $hola~l and
DOl~f L. 511flYA ha wife. to me well known and known to n?~ to 1»
th~ kdividwb dacribd in u+d who ~eewqd ths farapoirg k~alrwnant, and adcnowledyed befors ~ thN tMy ucacvted the ssm~ for the pwpos~s
d,.,.t~, .,~.....d, w„a ~t,. „:a Doris L. Shts~an
wih of tM wld ~ iA~lYln „~,y~ $hf=~i11 . . uPon a s~p~rm a~d priva»
ex«n&MYwn b~r m~ taken kpante and apart froa~ hn~ said lwsband. +cknowldyed b and befon m~ that she exewted sa~d irotrun~t hedy and voh~n-
arily ~nd wittwirt ~nY aomA~+~sion, oorntrsiM. ~pp~FwiaiM, f~aF -of• ot from har s~id lwsband.
WRNESS my Mnd ~nd offiaal s~sl thii_~L'r~ d+Y of tObt! A. 0. 19~
FILEO AND RECORDED
ST. LUCIE CO~~U~N7Y~Q ~ak ~ fa
R i_ C~~~?rl~ My Conx~ission .~cp+rae
RNwn Tce a? ~ -
fkat F~daal Savinps loan Auoclatio~ D~l~$ ~jUR
, f°'' P'"". 8 AN 9: 33 Notory Public, Moaon~b Co~n~. ,w.w.
P~.a. F~.;~. T ~ Mr Gom.~
. '6~ Q~ ,,~'lR:~;I~;;f~~; f17i
~ ~•S . f,
KO~Ea PO17RAS :,'CV.-''_' • -t;., .
COURT -:3: . ~ .
This Instrument Prepared ~~EtK CIRCUIT _ • _
First Fedoral Savings b loan Assouation - ~ _
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