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Home My WebLink About0780 . ~ i ~ f ~ ~ r a.. To pl~ ~nd conti~wously kNp on tl» buildinps now a MnahN ~itu+t~ on ~aid land and on ali eqvipm~ot u+d pasona~h cavu~d by this map~ ap~. with ~II p~eniwnt tM~wn p~id in fvib fin &uwanu in ~M uwal ita~dard policy form, in ~ wm approwd by tM MORTGAGEE, a~d windpam irawanc~ in tM ~+swl su~da~d policy fomA, in ~ wen ~pprowd by th~ MORTGIIGEE. in wch canpa~y w co+np+nies u th~ !~ORTGAGEE may diract~ and all fin and w~arn~ iraw~na polic~es on any Of Mid buiWin~f. ~tly InMfqt iM~fin q'Pirt fMf~Of, fn ths sy~~eq~t~ wee ~fonsaid or in ~xaas tMnof, sMll conain tl+~ uswl stand~rd morty+pe~ clavs~ or wch aha claua p th~ Matp+pae m+y rW~+'a~. makirq ~M losa undN sa~d ~di~ ci~s. ~ad~ and ~vKy. WYabl~ ro iaid MORTGACsEE a its IntK~st m~y app~a~. and esch and ~wry s~cl~ policy ~MII b~ pranptly ~ss:y~ad and delivered ro ~~y h~kl by said N10RTGAGEE a fuhha sewrity ro said matp+g~ debb u+d. not ba tMn t~n q0) days in edvux~ of th~ ~apk+Yae of each policy. to dr livp to ~aid MORTGAGEE a nnewa) tMr~of. tope~h~? with • receipt for tAs pnmiwn of wch renewal; u~d thsr~ ahall b~ no firo a windstam i~w?ancs plaad on any of said buitdirgs, ~ny inte~~at Mer~in a p+.t tFwwf. unku in tM form ~nd with tM los~ p~ysbl~ as ~fa~s~ids K+d ~ th~ ~wat any wm of enwKy becpnp payaW~ ur,dK such pelky er pol;c;~a ~aid 1NORTGAGEE shsll h~w the option ro nceive sr+d ~pply the sart~t on aaount oi th~ i~bted- rnss stcvr~d hpeby a? lo permit ~sid MORTGAGORS ro nuiw and we h or any part thereof fa other purpwes, without thareb/ waivi~y w imp~ir- tnp any puity. lieo a ri~ht u~de~ ot by virtw of thls mort9+y~; a++d in the ~vent wid MORTGAGORS sha~l fa aoy reason fail ro ka~p tM said pnmisa w inwr~d, or 4il b deliwr ptomplly u~y of sald polities of i~wa~~oe b said MORTGAGEE, or fail promptly to pay fully a~y pre~nivm therofo~ ot in ~nr nsp~tf f~il b pwform, disth+r~e. ~xecu% ~ffM. compl~tt. tomply wi~h snd ~bids by Ihis covenant. p any part he+wf, said MORTGAGEE may pl~ce and paY fo~ wd~ Gawaec~ w any p+rt thmof withou~ waivinp a~ff~clinn any option, Ikn, eq~dty. o? rigAt unde~ or by virtw of ~hi~ Mwt~a~e. ~nd the futl amounl of sach ~nd wery such p~ym~rM sh+ll b~ imnwdiattly dw and piyabls uwl shall bear interest from the dat~ thereof untii paid ~t th~ rat~ of nin~ per pntum pK ~nnum u+d togetAer with such interest shall b~ secured by th~ lien of this mort~+~te. 1. To pKmit, aonrnit ar suffa no waste, impaimwrM or dstaiaatan of said property or ~ny put thereof. S. To pay ~11 ~nd sinpvlar ths costs, chupes and ~xpaue~. includ'u+p ~ reasonabl~ +naney's fee u~d cosn of ~bsa~cts of titis, incu~r~d a p+id at any tirtw by said MORTGAGEE, b~cavt~ or i~ t!r ~wnt of IM iailuro on the part of ~M taid MORTGAGOR w dulp, prompNy and fully paform. dischs~9R axecvt~, effep, oompl~b, oomply with and abid~ by ~ad+ and every tM stipulations, ayreements, conditions„ and rnvenants of said promissory note and thq mortpape any o~ ~i~her. and said casq, charyK and ~xps~aes, each and wery. sh+ll b~ immediately dw and payabl~: whe~her o~ not ther~ be norice da msnd, ~ttempt to aolkct or wit pead'+nps +nd tM full amo~nt of tsch ~nd wery wch p~yment shall besr interest from the date tMreof until p~id at N+e ratt of niM pet Centwn pa ~nnwn; a~d all said coats, tF~atyes u~d expens~s intwr~d or p~W, together with svch interest, shall b~ sea+r~d by the tien of this ~ro~ 4. That tn the ~wnt of ~ny b~each of this Mortysp~ w dafwlt on th~ part of the MORTGAGOR, a tb) in the evant ~ny of said sums of morwy he.ein .efared ro b. na p.omp~ly and fvly psd wiihin thirry (+0) days n.x~ after the ssme severally becort+e due and p~y~ble. withovt demand or noiice. or (cJ in tFw weM each u~d ew~y tM itipul+tions, apr~n~ents, conditiora and coven+nb of sa~d promisswy note and tl?~s mortpa9e u~y o? ather are no1 ~uly, promptly and fully pe~formed, dischar9ed, execvted, ~ffeeted, compl~ted, complad wi~h and sbided by, then in athar w any ivch ewnt the asid a~ pre~fr swn n~rioricd ie~ aid promiuory note then rem~initg unpaid, with iroer~st acuued. and a11 ma~eys secured hereby. shall becoma dw ~nd pay- sbl~ forthwitly a the?~afie?. at th~ option of said MORTGAGEE, ss fvly and completely as ii sll of the said sums oi money were wi~in~lly stipulaud ro be p~id on such day, anythin9 in sa~d promiuory ~ote a in this Mortyage M the conrruy ~otwithstanding; and thereupw~ or thereafter at tM opYwn of said IMORTGAGEE, without notice or demand, wit at law a in pviry, tl~aeforo w thereafter beg~~, maY be prosecuted a~ if all nwneys ssaKed hereby had manusd prwr fo in i+ariwrion. 7. Th~t in tM event that at the begimirg of w~t a~y Y~me pending any wit upon this Mwtgage, o? to forec~ose h, w to rofwm H, or to enfora payment of ~ny daims hereunder. ~aid MORTGAGEE shall spply to tl+e Co~rt h~viny jurisdrction tF+ereof ior the appointment of a Receiver. such Cawf sMll fwthwith ~ppoi~t a reuiver of said matga~ed property all uid sirgulu, includ~~g all and sir+gular th~ incoms, p~ofits, issues and rcvenues from what~wr sourc~ dKived, exh ~nd svery of which, it b~inp ~xpressly understood, is hereby mwtgaged as if spcc~fically ut fwth and desuibed in the prantinq and haba+d~Nn clauses hereof, and such Raeive~ sh~ll Mw all the bro~d and effective fwxt~au and powers in anywise entrusted by a Court to a Recelwr, and ~uch appointment sAall be m~de by uxh Cowf as an edrnitted eqvity ~nd s rn~tter of absolute ri9M to said MORTGAGEE, snd without reference to tha adequacy o? i~adequscy of the wlue of tF~e prope~ty matgsped or to the solvency o? insolvency of said MORTGAGOR w rhe defenda~n,- and that such renn, profits, inc~rne, issues and revenues sh~lt be applied by such Rcceiver ~csordi~p to the lien or puiry of wid 1NORTGAGEE and the practice of such Car?t. & To duly. promptly and fvlh perform, d'nchirye. execute. effect, compkte, aanply with and abide by each and every the slipulations„ agreemeots, conditiora and covenants in wid p?om7ssory not~ and this mortyags set fwth. 9_ ihat in the event the owoershlp of the mortysped premises, w any psrt thereof, becomes vested in a person other thsn the MORTGAGOR, th~ Ma7RTGAGEE, ib sutceuors and sssiyru, may, withovt notite to the MORTGAOR, deal with suth wctessor w succeawr in interest with referente to this mort~ag~ snd tF~e debt hercby secwed in tF~e same manner as with Mortyaga without in sny way vitiatinp or diuharging ths Mortyagws' liability har~- vnder or opon the debt hercby secured. No sak of the premises hcreby mortgaged and no iorbeara~ce on the part of the MORTGAGEE or its successon w auiyns ~nd no ex~ens~or? of the time for the payme~t of the debt hereby secwed 9iven by the MORiGAGEE or in wccessors or suig% shal) opewt~ ~o rekase, dad~arye, modify change or affect tl+e aiginal liability of the AhORTGAGOR hereu~, either io whole or ie put. 10. It h specifkally agreed that fime is of ths euence of this contrsct a~d thst no waiver of any obligation herev~der or of tht obliy~Yan sr wred Iw~~by shall ~t any time thereafier be held to be a waiver of the Mms heteof o? of the irutrument secured herby. 11. In add~tion to the forego:ng monthly paymenri of ~princ'pal and interest required by the promissory rale secu.ed hereby, mortgagor covensnts and agrees ro pay to mortgsgee with e~ch monthly payment an sddirionsl sum estimated by mortgapee to be eqvsl to 1/12 of the annual cost of the folbw- A-All real propeny taxes kvied or assessed agai+nt the above dcsaibed resl estate. I 8-Premiums on fire and windstorm inswsnce as herein reqv'aed to be urried on the improve~nenfs situate on the abo+re desaibed premises. C-Premiums on s~ch mortgage gwranty inwrance as mortgagee shall from time to time deem fit ro prry on the (oan secured hereby. ! Mwtgagee shall lrom time to time ~otify mortgsgor in writing of the amoum dve and psyable herevnder and such wm shalt there~pon be d~e ~nd payable on the due date of the next monthly payment ar~d each succa:ive month thereaNer until mortgsgee shall ootify mortgagor of a charge i~ such l amouot. Suth sums shail be applied by mortQsgee toward the psyment of real propeAy taxes, insurance prem:ums, and mortgage guaranfy inwrante ~ premiw~q. - ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereumo sef his hand and seal the day snd year fin ~foresaid. ~ , Sipnsd, Stsle and de ' in th~ pres~noe of: J ~ - ~ n ' ' ~ n ~ ~ ~ - - - -ro 57ATE OF K~ MIC ~ . SS. COUNTY OF ~ ~,~,.P,,,o,~,~h,~..~ A. J. Maier, A Sinale Adult and Carl L. Maier~ Sinale Adult ~i.wif.. to m. we~~ t~ov~n, .,,a kn~+ w ~,e ro b. the ird'ividwb d~scribed in and. ~o ~ed_~ fonyoirg 'w~strwn~r?t, and acknowledp~d befor~ m~ ihat tt~ey exewted the sam~ fa th~ pwposes k ~h~..N .+cp.«.~d ~:~i:~?-`~ ; ~w~f*Ot't!!~!~'' ~ vPa+~ewte~wd'P*i?M~ '~~~~w~r/e~'1~Iww ~M~~wd'ipwhf~ww~ bs ~1`Iwwb~nd! ~~sdp~d' N~wd~ir~iO~l~iw~'1hM~sI1F¦s~tK~l~s~ir i~MhVwwiM ~Mir~w~ ~rNw~- ~ai ~?~fr'~1r eo~npiA~le~'~sr~A~ ~pprekwwi rq~iear ka+rlwr s~idfiesbwrd. ~ . , ~','.•~1ffTi~1!l~.~inr.~"~ ~d offtciil s..l rhis day of Ja11u8?t A. D. 1 ~ . . f, c. . .,_..y . - • aT~if~ t-~~ ~ ~ . r ~ . - ` - " . . , ` C+ _ i t, l~ wtt+~? wb1~c s~ .~d to. th. St.r. ot 7~pO0~i0~. ICHIGAN ~ ~1I „1 i' ~ ~ I ~O ' ~ t . .~a•E.~rri.~~.,~. s ~ n„«~.~, l' ~~°'r'°`"~- ~ILED AND lttCOR~ . l~` ~"~?'~~ju~ ST. LUClE COUNTY ~ RECORD VERIF1ED ~ - 1'73'730 ~ This Instrumenf Prepared By ~69 Q 9 Fint Federal Savings ~ loan Association • of Fort Pierte B J. Cl~astain . ROGC~!~'~I7itAS Y CLERK CIRCUIT COU ~ - ~ _ _ s~K 175 ~E .778 f rtA i - - ~f ~ . ~ , ~ - T - - - ~ :