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1~ ~~AV~ ~~~l{~ Ihe same. logot{~e~ with Ihe tenemenls. ~e?ec~itamenb and uppurte-
nanc~ea fherelo belonging. and ftie r~ents, tasues and p?o~its lhereo/. u~to tRe mortgagee. !n ~~e stmp~e.
nlld the mo?lgagor couenants wifh !~e morfgagee lhat the moMgugor is indef
iwsib~y stized ol said
~ana in fea almp~e: ihnt the mortgagor hw good rtghf and ~cw(ul authorily to convey ioid land ai ajwe-
aQid; thut the mortgagor wil! mnke auch Jurther aeaurancea to pe?(ect !6e (ee simple tille to satd bnd tn ~he
mortgagee as may reasonab~y be ?equl~; 11~at f~e mwtgagor ~ereby ~utly warran4 the tlt~e to anf~ land
and wt[[ dejend the same aguinst Ihe law/uI clainu o/ uU penona wl~omsoeuer: and tl~at antd larul ls /ree
and clear o( aU e?tcumbrances
~~VluCl~ ~~5~ lhat if said mortgagor ska~~ pay unto said morldagee t1~e certnin promia-
sory note ~eereinajter ~ubslanfiujly copied or ider+tiJiec~, t~-wit: ~e ,
=~~o,2so.oo wn ~«,a.ra.a, Au~st ~o,
fOR VAIUE kE~FIVED. 1/Ml~ Proa+b~ b P~y b 11~ o~~d~r of
BAYLEY ~$ODUCTS. INC_, a Michi4an Cornoration _ ~
ONE HUPIDR~ SEVEI~~'Y THOUSADID, TWO HUi~IDRED FIFTY ADID NQ:1C~---0p«q~
N 175 Rawsonvill~ ~oad B_ 1 l Ay~,;A Mr,,,i ~~t,,~an A~l 1 t
with im~~at from d+~h at th~ ~ of set forth be]. w ( ) pK pM pK un~il p~id,
p~y~bl~ as fdlow~: ~ayable in five (5) ecruaZ annual installments of TWENTy-F4UR
`I'HOUSAI~ID THItfF HUDIDP.ID TTrtENTY-7NE ArID 42;'140 DOLI.ARS (524, 321.4?) each, together
with interest at the rat~ of seven Qercent (7'°!.~ ~Pr annum r~yable ~nnuaZly on
the unpaid principal ba2ance ArID tw~o (2) ecual ~nnual installmAnts of Tt•~EI+Tl`Y-
~'DUR TA!JtTSArID TH.TZ~F. Ht7r~?'ED Tc~FENTY-~N~ AND 45,~1OC D~LLARS (52~,3?l.-:5) each,
together with interest at the rate of seven and one-half x~ercent (71~~) per
' annum payable annually on the unpaid r.rincipal balancP. First of said annunl
' insta~.lments sha12 be due on thE ?Oth day of P.uguat, 1974.
~repayment in vart or in fuLl m~~y be madF at any time after January 1,
~ I9?'~, wfthout r~enalty.
' Mortgagee hereby aqrees to look so]~ly to the land hereby Fncumbered as
security for the obligation sncurrd by this mortgage, and ~cY.nowledgc=s that the
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mortgagor shall not be personally li~ble for the obligatf.on secvred. -
NOW, ~hadd N b~mi~ nu~wry ts ceN~et 1hN woM IMapb M MlerMy. ~MMr d u~. wh~llw wwkN• whb. a~ ~ndor»r en 1hi~ eoM.
Iwe~b'1? prN ~s ~r ~ asMa ef wid~ a~WOt~n, Y~ r~wn~ Nbre~/~ 1M. Th~ d?~s Md ~ndon~n rvwsNy wsiw pewu~~.
n~nt Iot Mr~n1. Mo~ ~nd wwlo ~t PrM+M te? na?pnrw~M ef dw nw~.
IN TF~ E1I~fT +rw vr~wM e~ Mf~na w prMrcipr b. ~e. nMe M?k1•r•• th ir ty ; 3'7 d~r .t1w d+. .Mw. b~oo~n.. ew. +A.
ho1dN of tAb eau n~r. M hM ~plfen, d~elaer tM w1aN prMelpsl wiw Mnei b b~ i~Nl~? dw ~nd pq~bN.
LAND DYPIAt~tICS , INC . (Seap
~ ~ ~ S Yl~+-~ (d~-~ c.~4_
~S~el) (Seal)
o ~ YSy: -'i
o~F"~~. an rs_ a e, residPnt
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