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I. we or either of us, whether principal, s¢curity. guarantor~ endorser. or other party hereto~ agree to
be jointly and severally bound. I or we, each further waive demand. proteat and notice of demsnda~ proteak and
nonpayment. FEDEftAL TRUTH IN LENDING DISCLOSURES
a. Cash Price $ 7500.00
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b. Cash Downpayment - $ 1500.00 ~~s
c. Unpaid Balance of Cash Price 6000.00
Amount Financed (a-b) $
d. FINANCE CHARGE (consisting solely of a 1799.40
time rice differential) $
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9299.40
e. Deferred Payment Price (a-}-d) $ ^ ~
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_:f ^ ,.~'~iL7
f. Total of Payments (c-~d) g 7799.40 r,,, r~~
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ANNUAL PERCENTAGE RATE 10 . 85 q~ ~ # o~~
I. we, or each of us, whether principal. security~ guarantor~ endorser or other party he ee ~o°
be jointly and severally bound. I or we~ each further waive demand. protest and notice of demanl, ro t and
nonpayment.
MORTGAGOR FURTHER AGREES:
1. To make all paymenta required by that note and thia mortgage promptly when due.
2. To pay all taxes, sssessments. liens and encumbrances on that property promptly when due. If
they are not promptly paid, the Mortgagee may pay them without waiving the option to foreclose, and such
payments. ~ with interest thereon from the date of payment at the same rate as specified in that note. shall
also be secured by this mortgsge.
3. To commit, permit, or suffer no waste. impairment or deterioration of the mortgaged property.
! 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor
E to comply with the agreements in that note or this mortgage, including reasonable attorneys' fees. The cost
; thereof, with interest thereon from the day of payment at the same rate as specified in that note, shall also
i be secured by this mortgage.
` 5. If any payment provided for in that note is not paid within 30 days after it becomes due, or if any
p agreement in this mortgage other than the agreement to make the payments is breached. the entire unpaid
~ principal balance of tha± note shall immediately become due at the option of the Mortgagee, and the Mort-
gagee may foreclose this mortgage in the manner provided by law. and have the mortgaged property sold to
~ satisfy or apply on the indebtedness hereby secured.
~ 6. The rents and profits of the mortgaged property are also hereby mortgaged, and if proceedings
~ to foreclose this mortgage shall be instituted, the court having jurisdiction thereof may appoint a receiver of
the mortgaged property and apply those rents and profits to the indebtedness hereb~ secured, regardless of
the solvency of the blortgagor or the adequacy of the security.
IN WITNESS V~'HEREOF, the Mortgagor has executed this mortgage under seal on the date and
year first above written. .
~ Signed, sealed and delivered
~ ip-~he presence of • , _ ~ ~ , . -
~ \ ~ ~ `%C~~~ ~ ~ - ~ : -t l j-~- ' ~~A~,> .
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/ --(~9F,.AL)
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~ As Witness to the Mortgagors.
x» _
- STATE OF Michigan ,
- COUNTY OF _Oakland
a;:
- Before me, __Jerome Kowalski & IIette Kowalski to me
~ well known and knov?•n to me to be the individual described in and Kho executed the foregoing instrument and
~r3 acknowledged before me that_ Lhe~t-~executed the same for the purposes therein expressed.
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Witness my hand and seal this 14th day of , 19~
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x° ~ - ~ , .
Notary in and for the Coonty and State aforesaid.
~;,y Curtis W. Swiger, W ayne County acting in
My commission expires T,-t., ~ t9~~ ` 1_ ' _ • Oakland County
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