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Home My WebLink About2932 . . . . . . . - - . . . . . ....._...._......w~r~} ~•-38, 000.00.~ ..............~....»...._..................COPY............................ . . S?UAR7. Florida. . . ..MarCh ..Nlll,...» N.: 197-4. : FOR VALUE AECEIVLD, ib~ ue~d~rsign~d. joinil~ and s~~~rallY. PROMISE 70 PAY !o !h~ ord~r ol : JOF~T _F.....DONOVANt...JRl. and_LOI$ C. _DONOVAN, his wife . . Thirty.-Eight_ T'housand and OO~1Q0 DOLI.~?AS. : ae _5040 ,.Sheridan.__Line,,..Croswell_, . Michigan_ 48422~ _ _ , ......o: sueh olh~r plac~ s~ !b~ bold~r . . _ : h~rwt maY• d~siqaat~ in wrltin~. loq~tb~: witb iat~:~s! itoa~ d~i~ at !h~ r~t• ot 5.~..- - psr e~ntnm p~s +~nAUnn oa 1h~ uapaid ~ balaac~ unti! mah~sitp. TL~ wd psiadpsl aad int~:~st sb~li M du~ snd paYabl~ aS fOllOws: Iri 240 ; ::~equal, monthly insta~lments of T'hree Hundred Z~renty-Nine and 78/100 ($329.78) :~~Dollars of the priacipal plus i.nterest then due beqinninq on the llth ~:'day of April , 1974, and continuing each manth thereafter ~:'until the principal and interest are fully paid. The maker may prepay any part or all of the unpaid principal at any time before due with out payment oE psnalty or premiu~m therefor. ~ s.~.u~e s. ed. t~r ._..30..... a.r. iw t?~ M~wewt et aaf ~stall~~wt e( princiyat er iwter~~t or awr prt tL~rMI, tl» ~r~~l~ s~ t?N ts~iwl~t ~ : uoMi~ vit6 int~~t ~M~I! at idd~~'i ptiew D~cow~ Jw awi p~r~?b ~/ItAOYt ~~lK~. FailYf~ te ea~rcis~ suc\ o~~i~w s?sll n~t cMUtltv4 wr o1 ti~ ; risst t~ ~a~+ciN t?~ aaww i~ W~ ~v+wt o1 s~bwqr~wt det~ult. Att~~ e?atu~itr 6et\ oriacip~l aad accrued i:,terest s6a11 6N~ l~t~n~t at _.~~pK es~~u~ ~ ~ P« a~eua uatU oaiJ. 7h~ rw~l~es asJ Ni~esers ~f tLis ¦ob IurtA~r vai~e dewaad, aoticc of nsa•oa>~n~at auJ ~eetes` lf !?i~ s~b ~~t MW : ee~turitp ani th~ sawe ia ptac~i wft? u atternep tor cotl~etiew, ti~ w~k~rs •wd ~edon~?~ Aereol a;~~c t~ Da~ all c«u ol csU~cti~w. iwsl~lw~ dl cwrt ~ ~ cost~ •ad na~oa~bl~ ~ltwaq • : : s Michae2 Brener ~ Michae2 Hrener . ..................................~.........csE~tt~ ~ . . ~s~.~ ~ . . _ . . . _ . . . . . . - : . : /s/ Annett~ Brei~er . ~S~L~ ~ r: ~ Annett~ Bren~r;~ his•--wrfe.-.-•...------•---•-----•----........ ~~-:~M~ and shall duh•, promptl} and fuU}' per(orm, discharge, exetute, ef[ect, complete, compt}• Nith a~id abide b}• each and erety the stipulations, af;rermeuts, conditious aud co~•eoants of said promiswry note aied ut this mortgage, th~n this mortgafie and the esr~te l~creby acated shal! cra~c and be null and coid. It is uuderstood that cach of thc h•ords, "notc:' "mortgagor" and "mortpa~cc" res~~ectirely and thc pronouns refetting the~eto. H•hetLer in the singular or plural anywhere in this mortga~e, shall be sinRula~ it m~c onl~~ and sL:ill be plural jointh• and seeerallv, it more than oue, and shall be ma.culine, feminine aud/or neuter, hhere~~er che context w implies or admits. :~nd ~id ~[ortga~mr tor himsel[ and his 1~eirs. Iey,al representati~~es, succeswrc and assi~ns, kereb~• co~•e»ants and agrees to and rrith saict \[ortqagee, his Ie~al represer~tati~•es, successors and assigns: 1. "I'o_ pa~' all and singular the principal and ineerest and t}~e ~arious and sunclrv su~ns of moiie~• p~~able by ~•irtuc o[ s:~id prc?misx~r}• i~ote, ar~<t this mortgaRe, each and even~, prompth• on the da}~s respecti~el~ the same se.erally become due. 7'o pa}~ all aud siuRutar thc taxes, assessments, le~~ies, liabilitics, obligations .wd iucurobrances of e~•er~• nature aud kind noN• on saiei deuribed ptr~~erty, andjor that tiereafter ma~• be im}wsed, su[(ered, placc~l, le~•ied or assecsecl thereuEwn. and; or that hereatter mac be le~ ieci or :~ssessecl uNo~~ this mortRaKe a~?d /or the iudebtedness securrci heretn-, each and r~•ery, Hhen due and pa~able accordin~ eo I:IN', betore the~ become delinyue~~t, aui! brfore an~~ interest attaches or Ati\' `~It:l1[~' !S incurrecl: and in sn (ar as anv thereof is o[ record the same shal) be prompth satisfied and discharKed oF recorci and the or- igieeal u!(itial document {such as. (or instance, the tax receipt or the sati~(action paper officiall~ eu~lorsed or certi(ir~l) shall be placed in the I~ands o( said \furtRagec hithin ten da}'s next aftcr p,~~meut: and iu the e~-ent tl~at anv thereo[ is uot u~ ' paid, satis(ied and discliargecl, said \IortRaRee ma}~ at an~- time p1~ ihr same or au~ part thereo[ w•ithout h•aire+~~ or at(ect- inR a~»~ option. 1irn, equitc or ri~ht uncier or bc ~•irtue o[ th~s mortga~e. and the full amount• r?f cach a:id eiere such pa}•- mcnt shall be ;mmediately due and pa~ablc a~~d tiha? I~ear interest (rom the date thercof until ~>:~id ::t thr ratc ot tcn pcr centum per aunum and tn~ether ~ith such iuterest shall be secured b~• t:?e lien ot ~his mon~age. 3. To place and continuotuh~ kecp on the buildinps t1AN or herca(tet situate on said land (ire aad Hi~sd.torm in,ur- ance in the u~ual stand.ird t~lic~~ form, in a sum not less than the hiKhest inwrabte .~alue, in such com~,an~~ ~r comp:u~ie, as ma}• be approced b}• said ~IortKaRee: anet alt such insurance policies on an}• o[ said buildiugs. a+~}~ intere~t therei~? or ~~art thrrrnf. in the aF;gregate sum af~~re,aid or in excc:s thereof, shall contain thc usual standard mortgaqee dause mal;inR thc i lu.s w~der said ~licics, eacl~ and c~er~•. p:irable to saicl \tortgagee as hi~ interest ~n:i~ aE>pear. aud each and ecer} su~h ~~licy shall he pmmptl} deli~~ered to and helel b~~ said \IortKaR<•e: and. nut less than ten da~~. ii~ ad~ance o( tl~e expiration nf each polic~•. to deli~•er to saict Jlortgagee a rene~~-at thcreof, to~ether Kith a rr:ei~t (nr tlir prrn:ium of such rrue~+~l; ai~d theze shali be no sucf~ iusurarice placed ~?ii ai~y of c.~id buildinRs, any interext thereiii or part therev~f. unlecs in the form and ~rith the locs ~~a}'able as aforesaid: aud in tt~e e.euc an.• sum o[ monev becumes pa.able under such ~wlic~~ ur ~x~licie+•:+id .`.lort~agee shall ha~•e the option to rccei~e and appl~ the same ~n account ot the i~idehtedness securcYi hcreb~• o~ to pcrmit said Vurt~a- t ' gor to recei~e and use it or an} ~~art then~~f fur other pur~x?ses k•ithout t!zereb~~ ~vaitiiu~ or impai~i~~~ au} ec~uitc, lien or ~ ri;;ht un~ler or b~~ ~•irtur o! this mort~a~e: :ind iu tt~e rcent ~aid \lort~;a~ur ~h:~ll f~?r :u~~ rr~~wn fail to krep the said premi~es sn insurcd, or (ail to dcii~er prompth• am ~aid FMlicics ~~f ii~surance to said \Iort~,:~Kcr. or tail pn» nptl~~ to pa~• (ulh :i:~y premiiim therefor, or iu auc rc~spect fail tu per(orm, discharge. ezecute. effrct. mmptetr. com4~i~~ ~~~ii'~ a•t~i~abie~r 1?~• tlii, u~~•- enant, or any part here~?f, said i(ortyagee may ~~lacr_ and pa}~ for such insurarue or any part thereof ~.•ith~~ut ~~•ai~ing nr affectin~ anf option, lien, eyuit~• or riRht ~nder or ln~ virtue ~~f this mortgaKe, and the full amount ot each and ecen• such ~>acmcnt sl?sll be immediatcl~~ duc aud ~a~~able and shall bear interest from the datr thercot until paid at the rate o( ten ! per centum per annum and together N ich such interest shall be securecl b~• che iien of this moreRage. r ' 4. To permit, commit or suffer no waste, impairment or detcrioration ot said properh or an}' part thercot. ~ ~ 5. To pay all aud singular the casts, cliargcs and espenses, indudiiiR rcasonable law}'er's fecs and cost of abstract, of ~ title, incurred or paid at any time by said \(ortp,agee because and iur in the e~~ent o[ the failure on the part o( the said ~Iort~aqor to duly, Promptly and [olly Perfotm, discharge, execute, ei[ect. comPlete. comph~ H•ith and al~ide by each and ecrr}• the stipulatio~s, aRreements, conditions and coeenants ol said proinissor}` note. and this mort~age, au~• or either, and said c~~sts, charges and expenses, each and ecery, shall be immediatel}' due and pa~•able, w•hether or not ehere be no~ice. de- mand, attempt to collect or suit Pendinq; and the full amount oE each and ecery such payment shail bear interest irom the ' date thereof until paid at the rate of ten per centum per annum; and a11 said msu, charges and expenses so incurred or paid, toRcther with such interest, shall be securcd by the lien of this morty,age. fv~~ f~:~.~1~~~ ~ • , ~ w~~ G ~ ~A~ a ~ ~ ~ a~s'`~ ~ n ..3 ? . . ~•t~~ ~°~~~3